In total, Lian has publicly offered to purchase over 120 million shares of IMP (77.94% of its charter capital). The offer price is set at 57,400 VND per share, amounting to an estimated expenditure of approximately 6.9 trillion VND. At this price, IMP is valued at 8.8 trillion VND.
In reality, Livzon’s plan to acquire IMP was announced in late May 2025 through a share purchase agreement. Based on the shareholder structure, Livzon intends to acquire shares from three major shareholders: SK Investment (holding nearly 73.5 million shares, equivalent to 47.69%), Binh Minh Kim Investment JSC (Sunrise) (over 15 million shares, 9.75%), and KBA Investment JSC (nearly 11.4 million shares, 7.37%).
Notably, according to the disclosed agreement, Livzon initially planned to acquire only 64.81% of IMP’s capital, which is 13% lower than the actual offer. The additional shares are likely to come from major shareholder Pharmaceutical Vietnam (UPCoM: DVN), which currently holds 22.04% of IMP’s capital.
List of major shareholders of IMP. Source: VietstockFinance
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The sale of IMP was hinted at by SK Group during the 2025 Annual General Meeting. Specifically, Sung Min Woo, Chairman of IMP’s Board of Directors and representative of SK Group, stated that although no divestment had occurred, “SK is restructuring its entire portfolio, including all SK assets globally. Therefore, there may be changes in SK’s ownership ratio in Imexpharm in the future” – quoted from the Chairman of IMP.
SK Group Sells Imexpharm to Chinese Pharmaceutical Giant, Valued at Nearly 9 Trillion VND
Imexpharm’s AGM: Aiming for Four Consecutive Years of Record Profits, SK Has Not Yet Divested
Livzon is a leading Chinese pharmaceutical conglomerate, established in 1985, with a current charter capital of over 935 million Chinese Yuan (CNY). The group specializes in researching, producing, and developing pharmaceuticals, modern medicines, traditional Chinese medicine, and raw materials, operating in more than 30 countries worldwide, including the U.S., EU, South Korea, Japan, and Southeast Asia.
– 15:22 15/01/2026
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