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.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Behind the doors of a Chinese hacking companyThe hotel was spacious. It was upscale. It had a karaoke bar. The perfect venue, the CEO of the Chinese hacking company thought, to hold a Lunar New Year banquet currying favor with government officials. There was just one drawback, his top deputy said.
Source: CP24 - 🏆 30. / 67 Read more »