AVJennings Announces Court Approval for Acquisition Scheme and Trading Suspension
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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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