Vinamed buys out Mediplast in all-stock deal

The Việt Nam Medical Equipment Corporation (VINAMED) has acquired the Medical Plastic Joint Stock Company in an all-stock deal. — Photo giaoducthoidai.vn

HCM City – The Việt Nam Medical Equipment Corporation (VINAMED) has acquired the Medical Plastic Joint Stock Company in an all-stock deal.

It has issued one share for every three shares held by Mediplast’s stockholders.

Following the acquisition, Mediplast executives will hold key positions at Vinamed.

The company will continue to manufacture and import medical equipment for distribution in Việt Nam.

Over the years Mediplast acquired the capacity to produce a diverse range of products but was plagued by a shortage of resources and managerial skills and lacked relationships with international partners.

Vinamed on the other hand has deep pockets, extensive international relations, good management and a large customer base, making it a win-win deal. — VNS

Tags Vinamed Mediplast

Vietnam Airlines to open direct flights to Manila, Philippines

bizhub

Long Sơn petrochemical complex to begin commercial operation in Q3

bizhub

Sacombank rejects rumour chairman banned from leaving the country

bizhub

Vingroup announces additional capital injection into GSM

bizhub

Locally made equipment exported to US market

bizhub

Salon Deluxe Vietnam 2024 exhibition opens in HCM City

More on this story

bizhub

Mercedes-Benz vehicles recalled for power system fault

Mercedes-Benz Vietnam is issuing a recall to the owners of 1,234 vehicles of various models in Việt Nam to fix faulty power systems and the electrical connection to the electro-hydraulic power steering (EHPS).

bizhub

Vietjet to start flights on HCMC-Phnom Penh route

Starting November 24, Vietjet will begin operations on a new international route connecting HCM City with Phnom Penh (Cambodia), airline officials said on Monday.

bizhub

Vân Đồn to get US$220 million resort complex

Vân Đồn, a rural district of Quảng Ninh Province in the northeastern region of Việt Nam, may soon see a VNĐ5 trillion (US$220 million) resort complex.

bizhub

Standard Poor’s affirms credit rating for BIDV

Standard & Poor's (S&P) Global Ratings affirmed its “B+” long-term and “B” short-term issuer credit ratings of the Joint Stock Commercial Bank for Investment and Development of Việt Nam (BIDV).

bizhub

Vietjet ranked among Forbes’ top 50

Vietjet was honoured for achieving stable financial results within six months of being listed.

bizhub

AirAsia launches direct flight from Cam Ranh to Kuala Lumpur

AirAsia on Thursday launched a new route connecting Nha Trang in Việt Nam’s central Khánh Hòa province with Malaysia’s capital city Kuala Lumpur, making it the first airline to operate direct flights on the route.

bizhub

Thai Vietjet continues international expansion

In September, Thai Vietjet increased its frequency of flights on major domestic routes Bangkok-Phuket, Bangkok-Chiang Mai and Phuket-Chiang Rai. The move is aimed at better serving travel demand of local and international passengers.