Daiichi Pharmaceutical Korea To Become Wholly Owned Subsidiary Of Daiichi Pharmaceutical Co., Ltd.

Published: Oct 10, 2006

Tokyo (JCN) - Daiichi Sankyo Co., Ltd. has announced that its subsidiary Daiichi Pharmaceutical Co., Ltd. has signed an agreement to acquire 100% of the shares of Seoul-based Daiichi Pharmaceutical Korea Co., Ltd. ('KDP'), a joint venture with Jeil Pharmaceutical Co., Ltd. The acquisition will take effect on October 13, when KDP becomes a wholly owned subsidiary of Daiichi Pharmaceutical. With this acquisition, the Daiichi Sankyo Group plans to actively expand its business operations throughout Asia.

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