Eu Yan Sang, founded in 1879, now operates over 170 retail outlets in China, Hong Kong, Macau, Malaysia and Singapore.
Japanese trading house Mitsui & Co announced on April 4 that a special purpose entity it has set up with Rohto Pharmaceutical will buy around 86 per cent of Eu Yan Sang from Righteous Crane Holding. Once the deal is completed, a bid will be made to acquire the remaining 14 per cent of Eu Yan Sang, said Mitsui, which added that the Eu family will reinvest partially in the Mitsui-Rohto special purpose company.
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