Japan's Taisho buys into Vietnam's pharma in $97 mln deal

Thanh Nien News

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Japanese-owned Taisho Pharmaceutical Holdings has reportedly acquired a stake of 24.4 percent in Vietnam's biggest drug distributor DHG Pharma in a deal estimated at nearly VND2.2 trillion (US$97.2 million).
The stake, equivalent to more than 21.3 million shares, were bought from 34 foreign shareholders, local media reported on Monday, citing the Vietnam Securities Depository. Taisho is now the largest foreign shareholder.
The transfer took effect on June 30, when DHG's stock was traded at VND103,000 per share.
Currently, foreign investors own a combined stake of 49 percent in DHG, while the government controls 43.3 percent.
DHG, which has stakes in 38 companies, reported a net profit of over VND594.4 billion ($26.26 million) last year, up 11.36 percent from 2014.

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