Drug Houses of Australia
Encyclopedia
DHA was originally established in 1936 as an amalgamation of 7 Australia
n pharmaceutical companies. In 1970, DHA was taken over by the British bank Slater Walker
.
Drug Houses of Australia is now a leading generic pharmaceutics and Chinese proprietary medicine (CPM) manufacturer based in Jurong
, Singapore
.
It was sold to Strides Arcolab
through a share purchase agreement with Haw Par
Healthcare Limited, Singapore
in September 2006 for approximately SGD$19.7 million.
It is currently a part of Strides Arcolab
which is listed on both the India
n stock exchanges Bombay Stock Exchange
(BSE) and the National Stock Exchange
(NSE).
Australia
Australia , officially the Commonwealth of Australia, is a country in the Southern Hemisphere comprising the mainland of the Australian continent, the island of Tasmania, and numerous smaller islands in the Indian and Pacific Oceans. It is the world's sixth-largest country by total area...
n pharmaceutical companies. In 1970, DHA was taken over by the British bank Slater Walker
Slater Walker
Slater Walker was a British bank that were in financial difficulties in the 1970s and shook the British banking system at the time.-History:The Company was founded by Jim Slater and Peter Walker, a Tory MP, in 1964 as an authorized bank...
.
Drug Houses of Australia is now a leading generic pharmaceutics and Chinese proprietary medicine (CPM) manufacturer based in Jurong
Jurong
Jurong is the largest town in the western part of Singapore, consisting of 11 residential precincts, 14 industrial districts, 1 military zone and 1 Waterfront district. It resembles Woodlands, the largest town in the northern part of Singapore, which is smaller in size, has smaller industrial area...
, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
.
It was sold to Strides Arcolab
Strides Arcolab
Strides Arcolab is an Indian pharmaceutical company headquartered at Bangalore in southern India. Strides Arcolab Limited manufactures a range of ethical pharmaceutical products, over-the-counter products and nutraceuticals. The company's products include softgel capsule, hard-gel capsules, tablets...
through a share purchase agreement with Haw Par
Haw Par Corporation
Haw Par Corporation Limited is involved in healthcare and leisure products. It is the company responsible for Tiger Balm ointment. Its brands include Tiger, Kwan Loong and it also owns and operates weekend and leisure time destinations such as oceanariums and bowling centers.The Haw Par Group...
Healthcare Limited, Singapore
Singapore
Singapore , officially the Republic of Singapore, is a Southeast Asian city-state off the southern tip of the Malay Peninsula, north of the equator. An island country made up of 63 islands, it is separated from Malaysia by the Straits of Johor to its north and from Indonesia's Riau Islands by the...
in September 2006 for approximately SGD$19.7 million.
It is currently a part of Strides Arcolab
Strides Arcolab
Strides Arcolab is an Indian pharmaceutical company headquartered at Bangalore in southern India. Strides Arcolab Limited manufactures a range of ethical pharmaceutical products, over-the-counter products and nutraceuticals. The company's products include softgel capsule, hard-gel capsules, tablets...
which is listed on both the India
India
India , officially the Republic of India , is a country in South Asia. It is the seventh-largest country by geographical area, the second-most populous country with over 1.2 billion people, and the most populous democracy in the world...
n stock exchanges Bombay Stock Exchange
Bombay Stock Exchange
The Bombay Stock Exchange is a stock exchange located on Dalal Street, Mumbai and is the oldest stock exchange in Asia. The equity market capitalization of the companies listed on the BSE was 1.63 trillion as of December 2010, making it the 4th largest stock exchange in Asia and the 8th largest...
(BSE) and the National Stock Exchange
National Stock Exchange of India
The National Stock Exchange is a stock exchange located at Mumbai, Maharashtra, India. It is the 9th largest stock exchange in the world by market capitalization and largest in India by daily turnover and number of trades, for both equities and derivative trading. NSE has a market capitalization...
(NSE).