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Teaminvest Private Group Ltd ( (AU:TIP) ) has provided an announcement.
Teaminvest Private Group Limited, an investment company listed on the ASX, announced the termination of its proposed acquisition of Enva Australia Pty Ltd and Enva Holdings Pty Limited. The decision to terminate the acquisition was due to ongoing delays in meeting the necessary conditions. This termination will not affect Teaminvest’s financial performance as Enva’s financials were not consolidated into the company’s accounts. Despite the termination, Teaminvest maintains a positive relationship with Enva’s current owners and staff, with Enva continuing to share office space with Teaminvest in Adelaide.
More about Teaminvest Private Group Ltd
Average Trading Volume: 10,375
Technical Sentiment Signal: Sell
Current Market Cap: A$47.32M
See more insights into TIP stock on TipRanks’ Stock Analysis page.