JSP Pharmaceutical Manufacturing Public Co., Ltd. completed the acquisition of 52.8% stake in Grace Water Med Co., Ltd from NCL International Logistics Public Company Limited.
May 22, 2023
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JSP Pharmaceutical Manufacturing (Thailand) Public Co., Ltd. (SET:JSP) agreed to acquire 52.8% stake in Grace Water Med Co., Ltd from NCL International Logistics Public Company Limited (SET:NCL) for THB 43.9 million on May 10, 2023. NCL International Logistics Public Company Limited will dispose the investment in Grace Water Med Co.,Ltd. in amount of 21,118 shares and Grace Water Med Co., Ltd. will end being the subsidiary of the Company. Transaction is expected to Complete on June 2023. As on May 12, 2023, the transaction was approved by JSP Pharmaceutical Manufacturing (Thailand) PCL. Board of Directors.
JSP Pharmaceutical Manufacturing (Thailand) Public Co., Ltd. (SET:JSP) completed the acquisition of 52.8% stake in Grace Water Med Co., Ltd from NCL International Logistics Public Company Limited (SET:NCL) on May 23, 2023. Grace Water Med Company Limited has become subsidiary of JSP Pharmaceutical since May 23, 2023.
JSP Pharmaceutical Manufacturing (Thailand) PCL is a Thailand-based company, which manufactures and distributes conventional medicines. The Company manufactures and distributes products under customerâs brand name (OEM), as well as under the Companyâs brand name. The Company develops, manufactures and sells conventional and traditional medicines, herbal products and dietary supplements, providing a range of services covering the manufacturer and the seller of the products under both customersâ trademark (OEM) and the seller of the products under the Companyâs trademark (Own Brand). The Company develops herbal products, dietary supplements with natural extracts and plant-based protein under brand name Supap Osot, and dietary supplements such as using new raw materials or having new production process for both beauty and health under brand name EVITON. The Companyâs subsidiary, Caresutic Co., Ltd., is engaged in manufacturing and distribution of dietary supplements and cosmetic products.
JSP Pharmaceutical Manufacturing Public Co., Ltd. completed the acquisition of 52.8% stake in Grace Water Med Co., Ltd from NCL International Logistics Public Company Limited.