Mitsui and Rohto to buy $594 million Chinese medicines company Eu Yan Sang

South Shore school lunch program setting the standard | SaltWire #school #lunch #educationSINGAPORE - Japan's Mitsui & Co said on Thursday it had teamed up with Rohto Pharmaceutical Co to buy Eu Yan Sang International in a deal valuing the Singapore-based traditional Chinese medicines firm at S$800 million .

Following the deal, a takeover bid for the remaining 14% of Eu Yan Sang will be made, while the founding family of Eu Yan Sang will reinvest partially into the Misui-Rohto special purpose company, Mitsui added. Founded in 1879, Eu Yan Sang operates over 170 retail outlets and 30 clinics in Singapore, Hong Kong, and Malaysia, according to Mitsui's statement.

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