Shares of Ildong Pharm have risen sharply over the past three days by expectations that Green Cross Corp. may take over Ildong.
Green Cross said Monday it acquired 1.77 million shares or a 7.07 percent stake in Whanin Pharm, becoming the second largest shareholder of Ildong.
Currently, Ildong’s chairman Yoon Won-young is the largest single shareholder of Ildong with a 27.19 percent stake,...
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