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AVJennings Opens Door to Ho Bee Land Amid Rival AVID Bid

1:07pm on Friday 17th of January, 2025 AEDT Real Estate
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AVJennings Opens Door to Ho Bee Land Amid Rival AVID Bid

1:07pm on Friday 17th of January, 2025 AEDT
Key Points
  • Ho Bee Land offers $0.70 per AVJennings share in a conditional, non-binding proposal
  • AVJennings maintains exclusivity with AVID Property Group until January 31, 2025
  • Board invokes fiduciary exception to allow Ho Bee Land due diligence access
  • No certainty either proposal will result in a transaction
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