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Nihon Chouzai Co Ltd to Acquire Stake in Choseido Pharmaceutical Co.,Ltd.

Tuesday, 2 Apr 2013 02:00am EDT 

Nihon Chouzai Co Ltd announced that it has decided to acquire a 55.29% stake (940,000 voting rights), in Choseido Pharmaceutical Co.,Ltd., which is engaged in production and sale of pharmaceutical products in Tokushima, Japan, from the President of Choseido Pharmaceutical for JPY 3,290 million on April 8, 2013. After the transaction, the Company will hold a 55.29% stake in Choseido Pharmaceutical. 

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