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Samchundang Pharm shortens acquisition date of DHP Korea

Published: 2013-08-21 06:57:00
Updated: 2013-08-21 06:57:00
Samchung Pharm plans to shorten the acquisition date of DHP Korea from Nov. 20 to Nov. 12 in a bid to ensure better liquid assets, map-out of new facility investment and maximization of shareholders’ value, the company said in a regulatory filing on Monday.

Last December, Samchundang reached a deal to buy DHP Korea for 13.9 billion won.

The stock purchase agreement calls for the takeover...

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