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Gioyoung, Withpharm are likely to announce merger agreement soon

Published: 2007-10-24 06:59:00
Updated: 2007-10-24 06:59:00
Gioyoung Group, which owns nine wholesalers, plans to announce the signing of a definitive merger agreement with Withpharm (three firms) within this week at the latest, after completion of their diligence, according to industry sources on October 22.

The merger has been well expected in the market. Shares of Gioyoung and Withpharm will be evaluated by a certain ratio of both firms' assets or...

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