The charter capital of subsidiary company is VND 100 billion of which FPT Retail hold 75% the contribution capital.
The recent resolution of the Board of directors of FPT Reatail (FRT) – code FRT has been approved the capital contribution of subsidiary companies with the ownership ratio up to 75%.
Accordingly, FPT Long Chau Pharmaceutical Joint Stock Company (FPT Pharma) was established with chartered capital of VND 100 billion, of which FPT Retail contributed 75%, equivalent to VND 75 billion.
FPT Retail also assigned Mrs. Nguyen Bach Diep, Chairman of the Board of Directors, to represent FPT Retail’s total capital at FPT Pharma. Mrs. Nguyen Bach Diep will also be the legal representative of FPT Pharma.
FPT Pharma specializes in retailing pharmaceuticals, medical devices, cosmetics and toiletries in specialized stores.
In early 2017, FPT Retail has entered the pharmaceutical field started by the acquisition of Long Chau drugstore chain. Thegioididong also has stepped into this sector in same year by acquiring the Phuc An Khang pharmaceutical chain.
FRT expects Long Chau to account for 30% of the market share, which is VND 10,000 billion and contributes 40% of FRT’s revenue. This requires Long Chau to succeed in expanding into many areas with the ambition to open 400 pharmacies by 2021.
The net profit margin of the pharmacies chain in the world is between 3% and 4%. By 2021, if this ratio can be reached, the Long Chau chain will reach about VND 2,100 to 3,100 billion in turnover and VND 60 to 90 billion in net profit, accounting for 25% -30% of revenue and about 10% of FRT’s profit proportion.
According Thanh Ha – Bizlive