IP Jumps 12% after the Acquisition of Land to Match Strategic Plans for Int’l Sales

The share price of Inter Pharma Public Company Limited (IP) rose ฿2.10/share or 12.07% to ฿19.50/share as of 14:46 local time in Thailand on Tuesday with a trading value of 84 million baht.

 

The share price of IP edged higher after the announcement of an acquisition of assets this morning on the purchase of 20 Rai of land, pharmaceutical manufacturing factory, machinery and 4 drugs registered formula at the total value of 160,000,000 baht.

The acquisition was to support the company’s growth strategy in expanding in both domestic and international businesses.