Nat, there has been market chatter for a few years about Chinese...

Nat, there has been market chatter for a few years about Chinese interest in acquiring healthcare providers, private hospitals etc, in order to gain management expertise and applying that expertise in China. But to my knowledge this is the first time its translated into an equity interest.

Its interesting that, although Jangho has only acquired a 19.9% holding in VEI, their own website describes it as a takeover!!

http://www.jangho.com/index.php?m=content&c=index&a=show&catid=120&id=62

This marks a very new direction for Jangho which until now has been a world leading supplier of curtains walls used in office building construction.

As a $A21 billion market market cap company it clearly has bigger things in mind for VEI.

http://www.bloomberg.com/research/stocks/snapshot/snapshot.asp?ticker=601886:CH