Jangho Group Co Ltd (601886.SS)
SYDNEY Australian medical center operator Healius Ltd on Monday rejected a A$1.7 billion ($1.21 billion) buyout approach from China's Jangho Group Co Ltd , denting its shares but leaving investors hoping for a higher offer.
* Australian target takes four days to reject $1.2 bln approach
Jan 7 Australian shares rose sharply on Monday, tracking a broader global rally after strong U.S. jobs data and dovish remarks from the Federal Reserve, while miners and energy stocks led gains on higher oil and commodities prices.
Jan 7 Australia's Healius Ltd on Monday rejected a A$1.7 billion ($1.21 billion) buyout approach from Chinese construction company Jangho Group Co Ltd, saying it undervalued the medical centre operator.
Jan 3 The following bids, mergers, acquisitions and disposals were reported by 2100 GMT on Thursday:
SYDNEY Chinese construction company Jangho Group Co Ltd has proposed to acquire medical center operator Healius Ltd for A$1.7 billion ($1.2 billion), marking what would be one of the mainland's biggest healthcare plays in Australia.
* Jangho makes indicative bid of A$3.25/share vs A$2.44 last close