Avjennings Limited ( (AU:AVJ) ) just unveiled an update.
AVJennings Limited has received two unsolicited, non-binding proposals for acquisition. Ho Bee Land Limited has offered $0.70 per share, while AVID Property Group proposed $0.67 per share. The AVJennings Board intends to provide due diligence access to Ho Bee Land, given the fiduciary exception to their exclusivity agreement with AVID. There is no certainty that either proposal will result in a transaction, and shareholders are advised to await further updates.
More about Avjennings Limited
AVJennings Limited operates in the real estate industry, focusing on residential property development. The company is known for creating diverse housing solutions, catering primarily to the Australian market.
Technical Sentiment Consensus Rating: Sell
Current Market Cap: €96.74M
For a thorough assessment of AVJ stock, go to TipRanks’ Stock Analysis page.