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Elph Investments Launches Takeover Bid for Engenco Limited

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Elph Investments Launches Takeover Bid for Engenco Limited

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Engenco Limited ( (AU:EGN) ) has provided an announcement.

Engenco Limited, a company involved in engineering and logistics services, is the subject of an off-market takeover bid by Elph Investments Pty Ltd, part of the Elphinstone Group. The Elphinstone Group has maintained its substantial holding in Engenco, with a slight decrease in voting power from 68.64% to 68.53%. The takeover bid aims to acquire all ordinary shares of Engenco not already owned by Elph Investments Pty Ltd, potentially impacting the company’s control and strategic direction.

More about Engenco Limited

YTD Price Performance: 58.33%

Average Trading Volume: 103,405

Technical Sentiment Signal: Sell

Current Market Cap: A$90.06M

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

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