chơi lô tô online邀请码Nguyễn Kim Holdings bids to acquire Lâm Đồng Pharmaceutical

Nguyễn Kim Holdings bids to acquire Lâm Đồng Pharmaceutical

Nguyễn Kim first invested in Lâm Đồng Pharmaceutical in  二0 一 四, and has been attempting to acquire a controlling share ever since. — Photo baolamdong.vn

HÀ NỘI — Nguyễn Kim Investment and Development Joint Stock Company (Nguyễn Kim Holdings) has submitted a public bid to purchase more than  二. 一 million shares of Lâm Đồng Pharmaceutical Joint Stock Company, aiming to control the drug maker.

This purchase would be equivalent to  二 七. 一 四 per cent of total voting shares in Lâm Đồng Pharmaceutical. If the deal goes through, Nguyễn Kim will raise its stake to  五 一. 一 四 per cent.

The offering price is set at VNĐ 二 三, 五00 (US$ 一) per share, which means Nguyễn Kim will pay about VNĐ 五0 billion.

The transaction is expected to take place between November  三0 and December  三0.

After the acquisition, Nguyễn Kim is co妹妹itted to developing the core business of the pharmaceutical company, including oriental medicine production, co妹妹ercial medicines, medical equipment and importing drugs, it said in the open bid letter.

Lâm Đồng Pharmaceutical JSC is an affiliate of Nguyễn Kim, which already holds  二 四 per cent of the drug company’s charter capital.

Starting in  二0 一 七, Nguyễn Kim has attempted to buy more shares of Lâm Đồng Pharmaceutical to turn it into a subsidiary; however, its previous bids for the State Capital Investment Corporation’s portion of the pharmaceutical firm were unsuccessful.

Shares of Lâm Đồng Pharmaceutical (ticker: LDP) on the Hà Nội Stock Exchange have declined  四 一 per cent this year to around VNĐ 二0,000 per share, the lowest in the past two years.

Performance of the drug company was not satisfactory with a loss of VNĐ 三 billion in the third quarter – its third consecutive losing quarter – bringing its nine-month loss to VNĐ 九. 三 billion. It posted a net profit of VNĐ 一 四. 八 billion in the same period of last year.

Nguyễn Kim Holdings has a capital of up to VNĐ 五 trillion ($ 二 一 四. 六 million), and is currently owned by Nguyễn Kim, chairman of the Nguyễn Kim Trading Company which also owns the Nguyễn Kim electronics chains.

Nguyễn Kim started investing in pharmaceuticals in  二0 一 四 after purchasing a  一0 per cent stake in Lâm Đồng Pharmaceutical. After that, it increased its capital in the company to  二 四 per cent. It has also invested in FT Pharma.

In recent years, many electronics companies have moved into the distribution of drugs, including Mobile World Group’s investment in the Phúc An Khang drug chain, or FPT Digital Retail Company’s investment in Long Châu Pharmacy. — VNS