AVJennings Shareholders Approve Acquisition Scheme

Avjennings Limited ( (AU:AVJ) ) has provided an announcement.

AVJennings Limited has announced that its shareholders have approved a scheme of arrangement for the acquisition of all its shares by PM Nominees C Pty Ltd, an investment vehicle of Proprium Capital Partners and AVID. The scheme is subject to court approval, with a hearing scheduled for July 23, 2025. If approved, AVJennings plans to suspend trading on the ASX and SGX, with delisting set for August 15, 2025. This move marks a significant transition for AVJennings, potentially impacting its market operations and stakeholders.

The most recent analyst rating on (AU:AVJ) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Avjennings Limited stock, see the AU:AVJ Stock Forecast page.

More about Avjennings Limited

AVJennings Limited is a company operating in the real estate industry, primarily focusing on residential property development. The company is listed on the Australian Securities Exchange (ASX) and has a market presence that extends to Singapore through the SGX GlobalQuote.

Average Trading Volume: 751,975

Current Market Cap: A$365.2M

For detailed information about AVJ stock, go to TipRanks’ Stock Analysis page.