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Japanese company buys 36% stake in Vietnam drug firm Merap

By Dat Nguyen   January 17, 2023 | 08:03 pm PT
Japanese company buys 36% stake in Vietnam drug firm Merap
Drugs are produced at a factory of Merap. Photo courtesy of 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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