** Shares of AVJennings AVJ.AX rise 1.4% to A$0.72, their highest level since Feb. 2008
** Stock rises nearly over 12% this week, heading for its best weekly gain since Nov 25
** Property developer intends to provide due diligence access to Ho Bee Land, subject to the parties entering into confidentiality arrangements
** Co received a higher takeover offer from Ho Bee Land HBEE.SI on Wednesday after a getting a buyout bid from Proprium Capital Partners (Australia) and AVID Property in late Nov
** Stock rose as much as 2.1% earlier in the day
** 1.5 mln shares change hands, 1.5 times the 30-day average of 984,540
** Stock more than doubled in 2024
($1 = 1.6106 Australian dollars)
(Reporting by Manasi Dasa Sundeep in Bengaluru)
((Manasi.DasaSundeep@thomsonreuters.com;))
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