Brief: Huons Acquires Stake In Pangen To Expand Bio-Pharma Business

Huons

07/11/2024 14:23

Nov 7 (Reuters) - Huons Co Ltd  243070.KQ :
    * HUONS ACCELERATES BIOPHARMACEUTICAL DEVELOPMENT WITH
HUMAN-DERIVED HYALURONIDASE - ACQUIRES STAKE IN PANGEN TO EXPAND
BIO-PHARMA BUSINESS
    * HUONS CO LTD - TO ACQUIRE 2,647,378 SHARES OF PANGEN
BIOTECH FOR
KRW 14.3 BILLION
    * HUONS CO LTD - TO ACQUIRE PANGEN SHARES THROUGH EXISTING
SHAREHOLDERS AND CAPITAL INCREASE
    * HUONS CO LTD - AFTER DEAL, CO TO OWN 31.53% STAKE IN
PANGEN
    * HUONS CO LTD - TO SECURE MANAGEMENT RIGHTS AND INCORPORATE
PANGEN AS SUBSIDIARY

Source text:  ID:nBw5qS74Da 
Further company coverage:  243070.KQ 

 (Reuters.Briefs@thomsonreuters.com)