Sunday,  Nov 18, 2018,19:28 (GMT+7) 0 0
FPT Retail ventures into pharmaceutical industry
By Chi Thịnh
Saturday,  Sep 15, 2018,13:22 (GMT+7)

FPT Retail ventures into pharmaceutical industry

By Chi Thịnh

The Long Chau pharmacy chain expands its promotional programs - PHOTO: LONG CHAU

HCMC - FPT Digital Retail JSC (FPT Retail) has announced the establishment of its subsidiary in the pharmaceutical sector, FPT Long Chau Pharma (FPT Pharma), after acquiring the Long Chau pharmacy chain.

According to the announcement, FPT Retail owns 75% of FPT Pharma, equivalent to VND75 billion (US$3.2 million). FPT Retail CEO Nguyen Bach Diep will assume the legal responsibility for FPT Pharma.

The duration of the capital contribution is 10 years, beginning September 13.

FPT Pharma is headquartered in District 3 of HCMC and has total chartered capital of VND100 billion. The company will provide medicine, medical equipment and cosmetic products.

The announcement of the establishment of FPT Retail has been publicized on the portals of the State Securities Commission of Vietnam and the Hochiminh Stock Exchange.

FPT Retail acquired the Long Chau pharmacy chain last year. At this year’s shareholder meeting, FPT Retail unveiled a plan to open dozens of new FPT shops and 400 Long Chau pharmacies, in a bid to hold 30% of the local pharmaceutical market by 2020.

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