Vision Eye Institute Limited
(ASX:VEI) has recommended Vision shareholders accept an off-market takeover bid by Jangho Group Corporation Limited.
The recommendation refers to a takeover offer made by the Chinese company on 13 August 2015. Jangho Group proposed a bid of $1.10 cash per Vision share.
The Vision Board has advised shareholders that it is in unanimous agreement regarding the attractive offer, indicating that the bid provides them with a significant premium for their Vision shares, alongside an immediate value certainty through the all-cash consideration.
Jangho’s offer period will close at 7pm on 21st October 2015 unless extended or withdrawn.
Vision Eye Institute Limited reported net profit of $12.03 to the year ended 30 June 2015
