Mitsui, Rohto to buy Tower Capital Asia-owned Chinese medicine chain Eu Yan Sang

Mitsui, Rohto to buy Tower Capital Asia-owned Chinese medicine chain Eu Yan Sang

FILE PHOTO: A shop assistant arranges jars containing roots and herbs at a Chinese medicine shop in Singapore February 17, 2009. REUTERS/Vivek Prakash/File Photo

Japanese firms Mitsui & Co and Rohto Pharmaceutical have agreed to jointly acquire the Eu Yan Sang International (EYS), a 140-year-old Singapore company that retails traditional Chinese medicines. The deal values EYS at S$800 million ($593 million).

Edited by: Pramod Mathew