April 20, 2024
Deals
Dong-A Socio Holdings to raise W177b to acquire ST Pharm
[THE INVESTOR] Dong-A Socio Holdings announced Aug. 23 that it has decided on a 177.2 billion won (US$158.4 million) capital increase to take over its affiliate ST Pharm, an active pharmaceuticals ingredient company.
In a tender offer to take over the company, it will purchase 3.3 million stocks from ST Pharm stakeholders and in turn issue new stocks of the holding company for them. A total of 989,887 shares will be issued at 178,989 won per share.
By Hwang You-mee (glamazon@heraldcorp.com)
In a tender offer to take over the company, it will purchase 3.3 million stocks from ST Pharm stakeholders and in turn issue new stocks of the holding company for them. A total of 989,887 shares will be issued at 178,989 won per share.
By Hwang You-mee (glamazon@heraldcorp.com)
