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AVJennings Opens Door to Ho Bee Land Amid Rival AVID Bid
7:03pm on Monday 2nd of June, 2025 AEST
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Real Estate
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AVJennings Opens Door to Ho Bee Land Amid Rival AVID Bid
7:03pm on Monday 2nd of June, 2025 AEST
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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