Pan-Asia Catalysts/Events, Quiddity Advisors

David Blennerhassett

Pan-Asia Catalysts/Events

Quiddity Advisors

Event-Driven

<ul>
<li>Drugs maker/packager group <strong><a href="https://www.smartkarma.com/entities/probiotec-ltd" target="_blank" data-smartkarma-citation="entities:12047:1" rel="noopener">Probiotec Ltd (PBP AU)</a></strong> has <a href="https://cdn-api.markitdigital.com/apiman-gateway/ASX/asx-research/1.0/file/2924-02757332-3A633846" target="_blank" rel="noopener">entered into a Scheme</a> with Indonesia's <strong><a href="https://www.smartkarma.com/entities/pyridam-farma-tbk-pt" target="_blank" data-smartkarma-citation="entities:12900:1" rel="noopener">Pyridam Farma (PYFA IJ)</a></strong>.</li>
<li>Pyridam is offering Probiotec shareholders A$3.00/share (in cash, or a 19% premium to the undisturbed price). Interim and final  dividends up to A$0.035/share and A$0.04/share, respectively, may be added.</li>
<li>It has not been declared final. The Offer has the board's backing. A Scheme Meeting is expected to be held in May with possible completion in early June 2024.</li>
</ul>


Drugs maker/packager group Probiotec Ltd (PBP AU) has entered into a Scheme with Indonesia's Pyridam Farma (PYFA IJ).
Pyridam is offering Probiotec shareholders A$3.00/share (in cash, or a 19% premium to the undisturbed price). Interim and final  dividends up to A$0.035/share and A$0.04/share, respectively, may be added.
It has not been declared final. The Offer has the board's backing. A Scheme Meeting is expected to be held in May with possible completion in early June 2024.


Probiotec (PBP AU) Agrees To Pyridam's Bid

External broker reports(aggregated public sources), Mirae Asset Securities

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External broker reports(aggregated public sources)

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<p>Expansion mode on; Ready to grow bigger</p><div class="content-highlight"><em>Content is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.</em></div>

Expansion mode on; Ready to grow biggerContent is external broker report sourced from online content aggregator through publicly available sources and is displayed below for general informational purposes only. Refer full disclaimer below.

Pyridam Farma (PYFA IJ) - Expansion mode on; Ready to grow bigger

Indonesia

PT Merck Tbk manufactures pharmaceutical products. The Company also distributes pharmaceutical raw materials, chemicals reagents, and medical instruments.

Indofarma Persero Tbk PT manufactures and trades drugs. The Company's products include generic, branded, licensed, and over the counter (OTC) drugs as well as traditional herbs, health food, cosmetics, and supplementary baby food. Through its subsidiaries, Indofarma also produces packaging materials, machinery and equipment, and infrastructure related to pharmaceutical industry.

Darya-Varia Laboratoria Tbk PT manufactures, trades, and distributes pharmaceuticals and related chemicals, as well as health care products.

PT Merck Sharp Dohme Pharma Tbk manufactures and sells a variety of pharmaceutical and household products.  The Company produces medicines for humans and animals, toiletries, cosmetics, household cleaners, and related products.

Kimia Farma (Persero) Tbk manufactures, distributes, and sells pharmaceutical, chemical, biological, and other materials for use of manufacturing of contraceptives, cosmetics, medical equipment, medicines, and food and beverages. The Company also produces packing material, machinery, equipment, and supporting facilities related to pharmaceuticals as well as operates pharmacies.

PT Tempo Scan Pacific Tbk manufactures and distributes pharmaceutical , health care and cosmetic products. The Company offers a variety of products including prescription drugs, specialty care products, and home care consumer products.

PT Kalbe Farma Tbk produces and develops pharmaceutical products for human and animal healthcare.  Through its subsidiaries, the Company also operates in the pharmaceutical, health food, and packaging industries.

PT Millennium Pharmacon International Tbk distributes pharmaceutical, food supplements and consumer products.

Millennium Pharmacon Internationl (SDPC IJ)

PT Royal Prima Tbk provides hospital services. The Company offers treatment for orthopedics, urology, oncology, digestive surgery, psychiatric, cardiovascular, hypertension, and metabolic diabetes treatment services. Royal Prima serves patients in Indonesia.

PT Prodia Widyahusada provides health care testing services. The Company provides analytic and diagnostic services for the medical professionals. Prodia Widyahusada serves customers in Indonesia.

Pharmaust Limited provides drug manufacturing and supplying services along with operating as a drug discovery company.  The Company develops and supplies over-the-counter generic and patent-expired drugs and pharmaceuticals.

Albert David Ltd. manufactures a variety of pharmaceutical products, vitamins, external application lotions, I.V. sets and disposable syringes and needles. The Company's leading products include "Plcentrex Lotion", "Adilox Capsules", "Sioplex Capsules", "Siotone" (a fitness capsule) and "Adliv Forte Capsule/Syrup" (for liver disorder).

Hwail Pharm Co., Ltd. produces pharmaceutical raw materials.  The Company's products include Talniflumate, Alibendol, and Oxatomide.  Hwail supplies these materials to companies dealing with finished pharmaceutical products.

Furen Pharmaceutical Group Industry Co., Ltd. is primarily engaged in the operation and management of its subsidiary, namely, Henan Furentang Pharmaceutical Co., Ltd., which manufactures proprietary pharmaceuticals.

Furen Pharmaceutical Grp Industry (600781 CH)

Genovate Biotechnology Co., Ltd. produces and markets antimicrobial agents, antineoplastic agents, cardiovascular system drugs, digestive system drugs, external agents, nervous system drugs, non-addictive analgesics and anti-inflammatory drugs, urinary system drugs, and vitamins.

Dongsung Pharmaceutical Co., Ltd. manufactures pharmaceutical products, such as antibiotics and dermatological medicines. The Company also produces and markets cosmetic products.

Kukje Pharma Ind. Co., Ltd. manufactures medical drugs.  The Company's products include antibiotics, vitamins, nutritional agents, and other drugs for supply to hospitals.  Kukje Pharma Ind. also sells apartments.

GenMont Biotech Inc. is an ultra-modern biotechnology medicines.

Venus Remedies Limited is a pharmaceutical manufacturing unit. The Company manufactures products such as I.V. fluids, antibiotics, anti-histamines, third and fourth generation Cephalosporins and Oncology drugs.

Y.S.P. Southeast Asia Holdings Bhd is an investment holding company. The Company, through its subsidiaries, imports, exports, manufactures and trades pharmaceutical and veterinary products.

PT Pyridam Farma Tbk manufactures and develops pharmaceutical products as well as distributes medical equipment. Its factory located in Desa Cibodas, West Java.

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Pyridam Farma (PYFA IJ)

Probiotec (PBP AU) Agrees To Pyridam's Bid

A life-time high offer price, board approval, and funding secured. This looks done. Trading at a 6.0%/12.7% gross/annualised spread, including...

David Blennerhassett

Pyridam Farma (PYFA IJ) - Expansion mode on; Ready to grow bigger

Expansion mode on; Ready to grow biggerContent is external broker report sourced from online content aggregator through publicly available sources...

Mirae Asset Securities

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