MEDIPLAST has handed over its entire assets, including cash, real estate projects, factories, and machinery, among others, to VINAMED. In return, VINAMED issued individual shares to swap for MEDIPLAST’s existing shareholders at a ratio of 3:1. The shareholders of MEDIPLAST have become VINAMED’s shareholders, enjoying the same rights and benefit as VINAMED’s original shareholders.

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 Photo for illustration. Source: vietstock.com.vn
Following the merger, the former MEDIPLAST management board will be holding key positions at VINAMED, joining in the management of the new company. VINAMED also ensures all rights and obligations of current employees of MEDIPLAST.

According to the management board of MEDIPLAST, the merger is based on the actual business needs and will help MEDIPLAST develop stronger. Over the years, MEDIPLAST has the capacity to produce and invest to diversify its products but the shortage of resources, management capacity, and relationship with international partners has been a barrier. Meanwhile, VINAMED is a corporation with good financial potential, extensive international relations, good governance capacity and extensive customer relations. Therefore, this merger opens up an opportunity for MEDIPLAST as well as the entire shareholders of the company.

“The merger is an important step in building VINAMED as a corporation specializing in the healthcare sector with five key businesses, including medical equipment production, medical equipment distribution, medical technology and consultancy, communications system (PACS) solutions, and healthcare facilities. These five businesses will create a closed supply-service chain for VINAMED. After the merger, we will maintain MEDIPLAST as a product brand not only for medical plastics but also medical consumables that we will manufacture in the future”, said Pham Quang Huy, Chairman of VINAMED.

Chung Anh