Australia's Selfwealth hits 3-year high on higher takeover offer

Bell Financial

02/02/2025 23:39

** Shares of Selfwealth  SWF.AX  up 1.9% at A$0.27
    ** Stock rises as much as 3.8% earlier in the day to hit its
highest level since Jan. 17, 2022
    ** Share trading services provider gets a higher takeover
offer from Svava at A$0.28 per share
    ** Offer from Svava, which operates wealth management
platforms in Singapore, Australia, and Hong Kong, values co at
A$65 mln ($39.92 mln)
    ** In November, Bell Financial Group  BFG.AX  offered to buy
co at A$0.25 cash per share, valuing Selfwealth at A$58 mln
    ** Selfwealth up more than 10% this year, as of last close


($1 = 1.6284 Australian dollars)

 (Reporting by John Biju in Bengaluru)
 ((John.Biju@thomsonreuters.com;))