Pharmaceutical company, Dannex, will on Wednesday, December 15, 2020, start trading on the Ghana Stock Exchange following its merger with two other companies; Ayrton and Starwin.
It follows the approval for the deal by the managers of the local bourse.
Wednesday’s ceremony will crown a series of principal activities that have spanned over the past one week.
The process includes the exchange of shares, de-listing of Ayrton and Starwin shares on the bourse, and the subsequent trading of the shares of the newly merged entity.
Citi Business News understands that the new company will be trading under the name DAS Pharma.
The Chairman of DAS Pharma, Nik Amarteifio, in an interview with Citi Business News said he is confident of the prospect of the new entity in building Ghana’s pharmaceutical industry.
“Instead of going as a procurer into markets like China as one company, we can do so as three companies which will help us to negotiate the price and bring down costs. We can also inherit the best and brightest because you have people who have worked for you for years who in the new regime may not be as intelligent or sharp as other people in the other companies,” he remarked.