FPT Retail makes a financial contribution to establish the subsidiary company- FPT Long Chau Pharmaceuticals

In 2017, FPT marked their first steps in to pharmaceuticals field by purchasing Long Chau drugstore chain

FPT digital retail join stock company (FPT Retail- stock code FRT) has just approved the capital contribution to establish the subsidiary company which is FPT Long Chau Pharmaceuticals joint stock company ( abbreviation is FPT Pharma) with the charter capital of VND 100 billion that FPT Retail contribute 75%, equivalent to VND 75 billion.

FPT Pharma specializes in retailing pharmaceuticals, medical devices, cosmetics and toiletries in specialized stores.

FPT Retail decided to entrust Mrs. Nguyen Bach Diep to The chairman of company, representative for all capital of FPT Retail at FPT Pharma. Mrs. Nguyen Bach Diep will also be the legal representative of FPT Long Chau Pharmaceutical.

FPT Retail is not the only one technology company to jump in pharmaceutical field. In 2017, Thegioididong also invested in to this field.

FPT Retail purchased Long Chau drugstore chain and planned to extend 400 pharmacies until 2021.

In the future, FPT Retail expects Long Chau drugstore chain to account for 30% of the market share, the estimated turnover is VND 10.000 billion and contribute 40% FPT’s turnover.

Immediately, according to the plan, in 2021 sales of pharmaceuticals will contribute 30-40% of total revenue of the company.

Thái Phương – CafeF