Japan Residential Investment Company (JRIC) has announced today that, following the announcement, on 13 November 2015, that Nikko III Pte. Ltd. and JRIC had reached agreement on the terms of a recommended cash offer by Nikko III Pte, for the entire issued and to be issued share capital of JRIC (at 72p in cash per share), the board of JRIC has received a separate approach from another third party. This approach is at a price of 73.5p per Share and JRIC’s board say this may or may not lead to an offer and that discussions with this third party are at an early stage and it has started its due diligence. The company says that further announcements will be made as and when appropriate.
Japan Residential received new approach at 73.5p : JRIC