AVJennings Receives Competing Acquisition Proposal from Ho Bee Land
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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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