Vision Eye Institute Limited
(ASX:VEI) buyer Jangho Health Care Australia has achieved the compulsory acquisition threshold for its takeover offer.
Jangho has announced that acceptances of the offer now exceed 90 percent. China’s Jangho presently holds a voting power of approximately 90.50 percent.
Jangho is now entitled to compulsorily acquire all of the outstanding ordinary shares in Vision.
The offer period will close at 7pm AEDT today.
Vision Eye Institute reported a net profit of $12.03 million for the 2015 financial year.
