Livzon Pharmaceutical Group to Acquire 64.8% Stake in Vietnam's Imexpharm for 1.6 Billion Yuan

MT Newswires Live

05-23

Livzon Pharmaceutical Group (SHE:000513, HKG:1513) agreed to buy a 64.81% stake in Vietnam-listed Imexpharm (HOSE:IMP), which specializes in antibiotics and cardiovascular drugs, for about 1.59 billion yuan.

The stake will be purchased from SK Investment Vina III, Sunrise Kim Investment and KBA Investment, according to a Friday filing with the Shenzhen bourse.

The deal, slated to close within nine months, awaits regulatory clearances in Vietnam.

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