An Khang Pharma Pharmacy Joint Stock Company (Vietnam)

In 2017, Mobile World Investment Corporation (MWI) confirmed that the completion of the acquisition of Phuc An Khang Pharmacy chains to expand into the pharmaceutical industry. Phuc An Khang stopped operation but did not complete the procedure for closing the tax code. In that year, it was formed. So, An Khang pharmacy chain was formerly known as Phuc An Khang pharmacy chain. This implies that MWI has diversified and expanded through acquisition of a loss-making business as Phuc An Khang. In 2021, MWI increased MWI's ownership from 49% to 99.99%. We can see that it has further started investing in An Khang since 2021.Mobile World Investment Corporation (HOSE: MWG) – ultimate parent company's major shareholders were Retail World Investment Consultant Limited Liability – 10.48% and Arisaig Asia Fund Limited – 4.99% in Feb 2023. MWI's business results in 9M2023 (revenue breakdown by chain) were Dien May Xanh – 48%, Bach Hoa Xanh – 25.7%, thegioididong – 23.8% and other – 2.5% (including it). This indicates that it has a relatively small position in MWI's investment portfolio (see commentary about strategy for An Khang below). MWI's development orientation is to invest in “seed” businesses that are expected to be the following growth pillars such as An Khang, etc.In Dec 2023, Dong Wha Pharm Co., Ltd became a parent company of Tscare Joint – Stock Company with ratio of 51%. This means that it has a strong rival in this industry which Long Chau, Pharmacity are its large competitors (see news section below). In 2022, it was in among the top three largest pharmacy retailers in Vietnam by points of sale.