Avio Smart Market Stack Ltd Forms Step-Down Subsidiary in Philippines
Avio Smart Market Stack Ltd, through its wholly-owned subsidiary BIL Healthtech Private Limited, has incorporated a new entity named AVIO Healthcare Corporation in the Republic of the Philippines. BIL Healthtech holds a 69.99% stake in the new subsidiary, making it a step-down subsidiary for Avio Smart Market Stack Ltd. The new entity will focus on the import, export, distribution, and wholesale dealing of medical equipment, devices, pharmaceuticals, and related healthcare supplies. The incorporation is part of a strategic expansion into the healthcare sector in the Philippines.
Key Highlights
- Avio Smart Market Stack Ltd establishes a step-down subsidiary in the Philippines.
- The new entity, AVIO Healthcare Corporation, is incorporated via BIL Healthtech Private Limited.
- BIL Healthtech holds a 69.99% stake in the newly formed subsidiary.
- The subsidiary will deal in medical equipment, pharmaceuticals, and healthcare supplies.
- This move signifies an expansion into the Philippine healthcare market.
Price Impact
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