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Avjennings Limited
AVJ.AU
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AVJennings Limited Securities Suspended Amid Acquisition

AVJennings Limited has announced that its securities will be suspended from quotation on the Australian Securities Exchange due to a court-approved scheme of arrangement involving PM Nominees C Pty Ltd acquiring all issued shares. This marks a significant change in the company's ownership structure. The latest analyst rating for AVJennings (AU:AVJ) is a Hold with a price target of A$0.66.

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AVJennings Announces Court Approval for Acquisition Scheme and Trading Suspension

AVJennings Limited has received court approval for a scheme of arrangement allowing PM Nominees C Pty Ltd to acquire all ordinary shares. Consequently, AVJennings shares will be suspended from trading on the ASX and SGX GlobalQuote, with plans for delisting post-scheme completion. The latest analyst rating for AVJ stock is a Hold with a price target of A$0.66. AVJennings focuses on residential property development in Australia, with a current market cap of A$370.8M.

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AVJennings Reports Strong Q3 FY25 Performance with Increased Contract Signings and Settlements

AVJennings Limited reported a strong Q3 FY25 performance, with a 25% increase in contract signings and a 26% rise in lot settlements compared to the previous year. Growth was driven by increased land sales in Victoria and Queensland, despite a slight decline in integrated housing contract signings. The company benefited from a 25% improvement in sales conversions, supported by a recent interest rate cut by the RBA, which boosted buyer confidence. Current market cap stands at €96.74M.

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AVJennings Limited to Release Half Year Results for 2024

AVJennings Limited (AU:AVJ) will announce its Half Year Results for the period ending December 31, 2024, on February 25, 2025. The results will be presented by the Managing Director and CFO during a live webinar, which will include a Q&A session. Presentation slides and results will be available on ASX, SGX, and the company's website prior to the webinar. AVJennings focuses on residential property development in Australia and has a current market cap of €96.74M.

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AVJennings Receives Competing Acquisition Proposal from Ho Bee Land

AVJennings Limited has received a competing acquisition proposal from Ho Bee Land Limited, offering $0.70 per share, which exceeds a previous offer from AVID Property Group of $0.67 per share. Both proposals are non-binding and contingent on due diligence and board approval. The AVJennings Board will evaluate the new proposal and update shareholders, but there is no guarantee of a transaction.

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