Auswide Bank Ltd. ( (AU:ABA) ) has shared an update.
Auswide Bank Ltd has completed a scheme of arrangement, resulting in MyState Bank Limited acquiring all fully paid ordinary shares in Auswide, making it a wholly owned subsidiary of MyState Limited. Following this acquisition, Auswide’s shares have been delisted from the ASX, and significant board changes have been announced, including new appointments and resignations, indicating a strategic realignment under MyState’s ownership.
More about Auswide Bank Ltd.
Auswide Bank Ltd is Australia’s tenth and Queensland’s third Australian-owned bank, listed on the ASX since April 1, 2015. Initially operating as a building society since 1966, the bank holds an Australian Credit Licence and an Australian Financial Services Licence. Auswide offers a wide range of personal and business banking products and services through branches, strategic relationships, and digital channels.
YTD Price Performance: 5.36%
Average Trading Volume: 54,777
Technical Sentiment Consensus Rating: Sell
Current Market Cap: A$264M
Find detailed analytics on ABA stock on TipRanks’ Stock Analysis page.