Monday , March 4 2024

Japanese company buys 36% stake in Vietnam drug firm Merap

Japan’s Lion Corp plans to buy a 36% stake in Vietnamese company Merap to expand its presence in Southeast Asia.

The deal is set to be completed in March for an disclosed sum, the Japanese company said in a statement.

Ho Chi Minh City-based Merap, whose products include nasal sprays, eyedrops and antibiotics, has a capital of VND224 billion (US$9.56 million).

Lion is a manufacturer of detergents, soaps, medications, oral hygiene products and others, exports its products to Vietnam mainly through overseas subsidiaries.

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