Jan 7 (Reuters) - Australia's Healius Ltd HLS.AX on Monday rejected a A$1.7 billion ($1.21 billion) buyout approach from Chinese construction company Jangho Group Co Ltd 601886.SS , saying it undervalued the medical centre operator.
The Australian firm, known until recently as Primary Health Care, said its board "unanimously believes that the proposal is opportunistic and fundamentally undervalues Healius." ($1 = 1.4063 Australian dollars)