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Elph Investments Advances with Compulsory Acquisition of Engenco

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Elph Investments Advances with Compulsory Acquisition of Engenco

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Engenco Limited ( (AU:EGN) ) has shared an update.

Elph Investments Pty Ltd has initiated a compulsory acquisition of all ordinary shares in Engenco Limited, following its off-market takeover bid. This move is part of a strategic acquisition process under the Corporations Act 2001, aiming to consolidate Elph Investments’ control over Engenco. The compulsory acquisition notice has been lodged with ASIC and will be communicated to Engenco shareholders, marking a significant step in the takeover process.

More about Engenco Limited

Average Trading Volume: 36,448

Technical Sentiment Signal: Hold

Current Market Cap: A$96.38M

Find detailed analytics on EGN stock on TipRanks’ Stock Analysis page.

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