BRIEF-Huons Acquires Stake In Pangen To Expand Bio-Pharma Business-December 2024-www.financetom.com

BRIEF-Huons Acquires Stake In Pangen To Expand Bio-Pharma Business

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BRIEF-Huons Acquires Stake In Pangen To Expand Bio-Pharma Business

Nov 9, 2024 12:12 PM

Nov 7 (Reuters) - Huons Co Ltd:

* 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

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