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Hau Giang Pharmaceutical shares increased 60% from the beginning of the year, Taisho announced that it wanted to take control

Friday - 01/03/2019 19:21
The expected purchase price of Taisho is VND 120,000 / share, equivalent to the total buying value of VND 3,400 billion.

On February 28, Japanese pharmaceutical company Taisho Pharmaceutical issued a notice on its website about the plan to buy another 28.36 million shares, equivalent to 21.7% of the shares of Hau Giang Pharmaceutical (DHG).

The expected price is VND 120,000 / share, equivalent to the total buying value of VND 3,400 billion.

Taisho has invested in Hau Giang Pharmaceutical since May 2016 with an initial ownership rate of 24.5% and has now increased its ownership to 34.99%. If successful, Taisho will increase its ownership to 56.69% to control Hau Giang Pharmacy.

The largest shareholder of Hau Giang Pharmaceutical is SCIC, holding 43.31% of shares. If SCIC does not sell, Taisho needs to buy shares of all other shareholders to buy the desired stock.

Increasing continuously from the beginning of the year until now, DHG share has increased by nearly 60% compared to the end of 2018 to 119,000 dong in the third trading day - which is equivalent to the price intended to buy by Taisho. At the current price, market capitalization of Hau Giang Pharmaceutical is nearly VND 15,500 billion.

In 2018, Hau Giang Pharmacy achieved VND 3,888 billion in revenue, down 4% from the previous year. However, pre-tax profit still increased slightly from VND 719 billion to VND 732 billion.

Taisho's announcement

Author: Translated by CoPhieuViet.Com


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