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THE INVESTOR]
Dong-A Socio Holdings announced Aug. 23 that it has decided on a 177.2 billion won (US$158.4 million) capital increase to take over its affiliate ST Pharm, an active pharmaceuticals ingredient company.
In a tender offer to take over the company, it will purchase 3.3 million stocks from
ST Pharm stakeholders and in turn issue new stocks of the holding company for them. A total of 989,887 shares will be issued at 178,989 won per share.
By Hwang You-mee (
glamazon@heraldcorp.com)
