Avio Smart Market Stack Incorporates Foreign Subsidiary to Handle Medical Equipment Business in Philippines
Avio Smart Market Stack Limited has successfully incorporated a new subsidiary in the Republic of the Philippines, positioning the company to expand its operations in the medical and healthcare industry in the Southeast Asian market.The newly established entity is AVIO Healthcare Corporation. This incorporation was completed on August 12, 2026, with the Certificate of Incorporation issued by the Philippine Securities and Exchange Commission. The corporation is registered at Doña Angelita Building, Aniceto Gueco St., Pulung Maragul, Angeles City, Pampanga, Philippines.
The creation of AVIO Healthcare Corporation falls under the umbrella of BIL Healthtech Private Limited, a wholly owned subsidiary of Avio Smart Market Stack Limited. This transition makes AVIO Healthcare Corporation a step down subsidiary of the parent company. The primary rationale for this venture is to undertake the business of importing, exporting, buying, selling, distributing, marketing, supplying and dealing at wholesale in medical equipment, medical devices, diagnostic and laboratory test kits, medicines, pharmaceutical products, hospital and healthcare supplies and related services.
The incorporated entity, AVIO Healthcare Corporation, has been established as a stock corporation under the Revised Corporation Code of the Philippines and the Foreign Investments Act of 1991. The company currently holds a new equity structure and operations for the purpose of this venture.
Key details regarding the subscription and the newly formed subsidiary are summarized below:
| Particular | Detail |
|---|---|
| Name of Subsidiary | AVIO Healthcare Corporation |
| Country of Incorporation | Republic of the Philippines |
| Date of Incorporation | August 12, 2026 |
| Industry/Business Line | Importing, exporting, buying, selling, distributing, marketing, supplying and wholesale dealing in medical equipment and healthcare supplies. |
| Authorized Capital | PHP 13,000,000 divided into 130,000 common voting shares of PHP 100 each. |
Investment Details
Avio Smart Market Stack Limited's wholly owned subsidiary, BIL Healthtech Private Limited, subscribed to the equity shares in AVIO Healthcare Corporation.The subscription details are as follows:
| Metric | Details |
|---|---|
| Shares Acquired | 22,747 shares of PHP 100 each |
| Subscription Amount | PHP 2,274,700 |
| Stake Acquired | 69.99% of the subscribed equity share capital |
| Cost of Investment | PHP 2,274,700 (Total subscription commitment) |
The corporate structure of AVIO Healthcare Corporation as on its date of incorporation stands at a subscribed capital of PHP 3,250,000. This investment establishes the effective relationship of AVIO Healthcare Corporation as a step down subsidiary to Avio Smart Market Stack Limited.
ASMS Stock Price Movement
On Wednesday, shares of Avio Smart Market Stack Limited slipped by 0.82% to settle at ₹7.22, closing off a subdued session for the stock. The equity traded within its day's range, completing the exchange on 77,954 shares.Disclaimer: Due care and diligence have been taken in compiling and presenting news and market-related content. However, errors or omissions may arise despite such efforts.
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