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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.