LONDON (Alliance News) - China's Jinjing Group Co Ltd said Monday that any offer it would make for EKF Diagnostics Holdings PLC would be made solely in cash, although it provided no further financial details of the potential offer.
Towards the end of August AIM-listed EKF Diagnostics said that it had received a "highly preliminary approach" to acquire the entire company from Jinjing, although it noted there could be certainty that any offer will be made.
At that time, EKF had said that a USD110 million bid made for its point-of-care business had been withdrawn following a higher bid for the assets of between USD115 million to USD120 million.
By Hana Stewart-Smith; hanassmith@alliancenews.com; @HanaSSAllNews
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Ekf Diagnostics (EKF)