Ho Bee Land drops acquisition bid for Australia’s AVJennings

AVJ has accepted a competing binding offer.

Ho Bee Land will no longer proceed in its takeover bid of AVJennings Limited (AVJ).

“The Board of Directors of Ho Bee Land Limited wishes to announce that it has decided not to proceed with a binding offer for AVJennings Limited following the announcement of AVJ accepting a competing binding offer,” Ho Bee Land said in a statement on 1 April 2025.

AVJ is an Australia-based residential property development company.

On 15 January, Ho Bee Land announced a plan to acquire all remaining shares of AVJ that it does currently own. At the time, Ho Bee Land said that it indirectly held a 5.49% stake in AVJ.

The bid came after AVJ received a proposal from Proprium Capital Partners (Australia) and AVID Property Group to acquire all of the outstanding shares in AVJ on 28 November 2024. The proposed cash consideration for the acquisition was A$0.67 per share at the time.

“The Company appreciates the engagement of AVJ’s Board and management
and wishes them continued success,” Ho Bee Land said.

Follow the link for more news on

Ho Bee Land Limited

If you've been wondering whether SBR could work for your company — yes, probably.

A lot of the companies we partner with started as readers. They'd been following our coverage for a while, saw their own customers and competitors in it, and eventually asked the obvious question: could we do something with you? The answer is usually yes. The shape of it depends on what you're trying to do.

The options are broader than most people assume — thought leadership articles, sponsored content, industry summits across Southeast Asia, regional awards programmes, podcasts, and media placements in print and digital. Some partners use one channel; most use a mix. We figure out the right combination by starting with your brief, not with our rate card.

So if the question has been on your mind, here's the easy way to ask it.

We'll tell you honestly whether we can help, and how. It's a better use of everyone's time.

Book a meeting

| Or download the media kit (PDF)

240,000 senior readers quarterly in print Top 1,700 Singapore companies reached

7 markets across Southeast Asia