AVJennings' (SGX:A05, ASX:AVJ) proposed acquisition by Proprium Capital Partners and Avid Property Group was approved by Australia's Foreign Investment Review Board and the New Zealand Overseas Investment Office, according to a Monday filing with the Singapore Exchange.
The deal is subject to approval from the company's shareholders at a scheme meeting scheduled for July 11.
The company's board has recommended shareholders to vote in favor of the scheme, the filing added.
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