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Jangho drafts in fresh eyes for Healius due diligenceSarah...

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    Jangho drafts in fresh eyes for Healius due diligence

    May 20, 2019 — 9.33pm

    Need proof China's Jangho hasn't given up hope of owning Australia's Healius?

    How's this: Jangho has started assembling a due diligence team to take a fresh look under the bonnet, and there are some new faces in its camp.

    Street Talk can reveal Jangho has drafted in accountants KPMG to help run the financial due diligence, and the firm will work alongside Jangho's longer standing representatives including its investment bankers at Macquarie Capital and law firm MinterEllison.

    Jangho is understood to be keen to re-test its thesis around medical centres operator, pathology and radiology clinics owner Healius, as well as the company's valuation in light of the operating and regulatory environment.

    Sources close to Jangho stressed the Chinese company had no near term plans to do anything that should warrant disclosure from Healius, such as making a bid. However, the fact it has drafted in an extra set of eyes shows it isn't necessarily sitting on its hands, either.

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