An unknown buyer and four other individuals acquired 49.3% stake in Boryung Pharmaceutical Co., Ltd. from Boryung Industry Co Ltd and others.
January 03, 2017
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An unknown buyer and four other individuals acquired 49.3% stake in Boryung Pharmaceutical Co., Ltd. (KOSE:A003850) from Boryung Industry Co Ltd and others on January 4, 2017. Under the terms of the agreement, Boryung Industry Co Ltd sold 2.7 million shares representing approximately 30.2% stake and the buyers acquired 4.36 million shares representing 49.33% in Boryung Pharmaceutical Co., Ltd.
An unknown buyer and four other individuals completed the acquisition of 49.3% stake in Boryung Pharmaceutical Co., Ltd. (KOSE:A003850) from Boryung Industry Co Ltd and others on January 4, 2017.
Boryung Corp, formerly Boryung Pharm Co Ltd, is a Korea-based company principally engaged in the manufacture and sale of pharmaceutical products. The Company mainly manufactures and distributes pharmaceutical products including antihypertensive drugs, gastrointestinal disorder drugs, antibiotics, gastric ulcer drugs, oral antibiotics, anticancer drugs and antihyperlipidemic drugs, among others. The Company distributes its products in domestic and overseas markets.