HCMC – China’s Livzon Pharma has cut a deal to acquire a stake of nearly 65% at Vietnam’s Imexpharm (HoSE: IMP) for over VND5.73 trillion, said local media reports.
The transaction will be executed through Lian SGP Holding Pte. Ltd., Livzon’s wholly owned indirect subsidiary based in Singapore. Livzon is a dual-listed pharmaceutical company on the Hong Kong (HKEX) and Shenzhen (SZSE) stock exchanges.
Under the agreement signed on May 22, Livzon will acquire a 64.81% stake in Imexpharm from three major shareholders: SK Investment Vina III (a subsidiary of South Korea’s SK Group), Sunrise (Binh Minh Kim Investment JSC), and KBA Investment JSC.
The total transaction value exceeds VND5.73 trillion, with SK Investment expected to receive over VND4.21 trillion, Sunrise about VND862.5 billion, and KBA nearly VND652 billion.
The deal is expected to be finalized within nine months from the signing date. Once completed, Imexpharm will become an indirect subsidiary of Livzon, a pharmaceutical group founded in 1985 with a workforce of over 9,000 employees.
Closing the trading session today, May 23, IMP grew by 2.77% day-on-day to VND52,000, with 707,400 shares changing hands.
On the southern bourse, the VN-Index inched up 0.62 point, or 0.05%, to close at 1,314.46 today, with 162 stocks advancing and 150 declining.
Market liquidity dropped sharply, with total trading volume falling 38% to over 717.7 million shares and value down 36% to VND16.9 trillion. Block deals accounted for 32.9 million shares worth VND1.19 trillion.
The VN30-Index edged down 0.16 point at the close, with 15 gainers and 12 losers. Notably, GAS shares surged 3.3% to VND63,000, with trading volume spiking to over 1.3 million shares, twice the 10-day average volume for the stock.
Declines among other stocks were modest, led by BCM with a 1.5% drop, followed by MSN and PLX, both down 1.3%.
At the close, the HNX recorded 72 gainers and 86 decliners, with the HNX-Index falling 0.47 point, or 0.22%, to 216.32. Matching volume totaled 58.4 million shares worth VND1.17 trillion.
