Lion Corporation to acquire full ownership of Vietnam affiliate

Lion Corporation (TSE:4912) announced it will acquire all outstanding shares of its Vietnam-based equity-method affiliate, Merap Lion Holding Corporation, for an undisclosed amount. The move, approved by the board on April 17, 2025, will make Merap Lion a wholly-owned subsidiary, with the share transfer expected on July 1, 2025. This acquisition aligns with Lion's Vision2030 2nd STAGE, which emphasizes overseas growth through strategic portfolio management. Lion initially invested in Merap Holding Corporation (now Merap Lion Holding Corporation) in March 2023, acquiring a 36% stake. The full acquisition aims to integrate Merap Lion's strengths in healthcare and distribution with Lion's expertise in product development and production technology. Lion anticipates that this acquisition and associated gain on step acquisitions in the third quarter will impact the company's consolidated results for the fiscal year ending December 2025, and has already been factored into forecasts published on February 13, 2025.