AVJennings Announces Court Approval for Acquisition Scheme and Trading Suspension

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Avjennings Limited ( (AU:AVJ) ) has issued an announcement.

AVJennings Limited has announced that the Supreme Court of New South Wales has approved a scheme of arrangement under which PM Nominees C Pty Ltd will acquire all ordinary shares of AVJennings. As a result, AVJennings shares will be suspended from trading on the ASX and SGX GlobalQuote, with key dates set for the implementation of the scheme, including special dividend and scheme consideration payments. The company will be delisted from the ASX and SGX GlobalQuote following the completion of the scheme, marking a significant transition in its corporate structure.

The most recent analyst rating on (AU:AVJ) stock is a Hold with a A$0.66 price target. To see the full list of analyst forecasts on Avjennings Limited stock, see the AU:AVJ Stock Forecast page.

More about Avjennings Limited

AVJennings Limited operates in the real estate industry, focusing on residential property development. The company is known for its development of land estates, townhouses, and apartments, primarily in Australia.

Average Trading Volume: 760,731

Current Market Cap: A$370.8M

For an in-depth examination of AVJ stock, go to TipRanks’ Overview page.

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