2020
2019
2018
2017
2016
2015
2014
2013
2010
2009

Year 2020

Healthlead Public Company Limited

The shareholders’ extraordinary meeting No. 1/2020 on 1 December 2020 passed a resolution for the Company to change its shares’ par value from 10 baht to 0.5 baht per share. With this resolution, the number of the Company’s already-issued and paid-up shares stood at 160 million. At the same meeting, a resolution was issued for the Company to raise its registered capital by 56 million baht from Bt 80 million baht to Bt 136 million baht with the issuance of 112 million new shares at the par value of 0.50 baht per share. Allocation of the new shares is as follows:

  • A total of 40 million ordinary shares for capital increase were offered to shareholders based on pro-rata rights. This allocation, which has already been completed, has raised the Company’s paid-up capital to 100 million baht.
  • A total of 64.80 million shares for capital increase were allocated to initial public offering.
  • A total of 7.20 million shares for capital increase were offered to directors, executives, and employees of the Company and its subsidiaries at the same price as that at initial public offering.

Icare Health Company Limited

  • It opened a pharmacy under “Icare” brand at Victoria Garden, and a pharmacy under “Pharmax” at Lotus Ladkrabang.
  • The shareholders’ extraordinary meeting No. 1/2020 on 9 December 2020 passed a resolution for Icare Health to raise its registered capital by 10 million baht from 55 million baht to 65 million baht with the issuance of 100,000 new shares at the par value of 100 baht per share for offering to current shareholders. The capital increase was done to provide working capital to the Company.

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

The shareholders’ extraordinary meeting No. 1/2020 on 9 December 2020 passed a resolution for Healthiness to raise registered capital by 10 million baht from 25 million baht to 35 million baht with the issuance of 100,000 new shares at the par value of 100 baht per share for offering to current shareholders based on pro rata rights. The capital increase was done to provide working capital to the Company.


Year 2019

Healthlead Public Company Limited

On 15 January 2019, Mr. Thatchaphon Chonwattanasakul sold all his remaining shares in Healthiness to Healthlead. With this transaction, HealthLead has acquired all shares in Healthiness.


Icare Health Company Limited

  • The Company entered into a cooperation agreement on retailing and distribution channel development with the Government Pharmaceutical Organization (GPO). Under this agreement, GPO shall provide product information in support of the distribution of its products at all pharmacies of Icare Health.
  • The Company entered into an agreement on academic cooperation with the Faculty of Pharmaceutical Sciences, the Chulalongkorn University, so as to provide places of community-pharmacy internship and support human-resource development in pharmaceutical-science field.
  • The Company opened a pharmacy under “Icare” brand on Soi Phetkasem 56.
  • The Company took over all pharmacies under “Pharmax” brand from Healthiness.

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • The Company adjusted its business by transferring all its pharmacies under “Pharmax” brand to Icare Health so as to focus on the development and distribution of healthcare product innovations.
  • The Company renamed itself as “Healthiness Company Limited” on 27 November 2019.

Year 2018

Healthlead Public Company Limited

The Company was registered on 28 December 2018 with the registered capital of 80 million baht. Upon its incorporation, it had 8,000,000 shares, each with the par value of 10 baht. The Company was established as a holding company. It accepted Icare Health’s ordinary shares worth 55 million baht as share payments. Healthlead, as a result, has acquired all shares of Icare Health. Moreover, it accepted Healthiness Company Limited’s (previously known as Pharmax Retail Company Limited’s) ordinary shares worth 24.70 million baht plus 300,000 baht in cash from Mr. Thatchaphon Chonwattanasakul as share payments. With this move, Healthlead held 98.80 per cent of Healthiness’ shares.


Icare Health Company Limited

  • The Company raised its registered capital by 25 million baht from 30 million baht to 55 million baht with the issuance of 250,000 new shares at the par value of 100 baht per share. These new shares were offered to current shareholders. The offering was done to provide working capital to the Company.
  • Upon the incorporation of Healthlead on 28 December 2018, Healthlead’s shareholders paid for its shares with Icare Health’s shares worth 55 million baht. As a result, Healthlead has acquired all of Icare Health’s shares.
  • The Company opened a pharmacy under “vitaminclub” brand at Fashion Island.

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • The Company organized Pharmax Health Expo 2018 at The Nine shopping center, Rama 9.
  • Upon the incorporation of Healthlead on 28 December 2018, Healthlead’s shareholders paid for its shares with Healthiness’ shares worth 24.70 million baht. As a result, Healthlead has acquired 98.80 per cent of Healthiness’ shares (The remaining shares of Healthiness, which are equivalent to 1.20 per cent of Healthiness’ shares, was still then held by Mr. Thatchaphon Chonwattanasakul. On 15 January 2019, Mr. Thatchaphon sold all the remaining shares to Healthlead. With the sale, Healthlead has acquired all shares of Healthiness).

Year 2017

Icare Health Company Limited

  • The Company opened a pharmacy under “Super Drug” brand in Siriraj area so as to comprehensively cover all target groups.
  • The Company opened a pharmacy under “Icare” brand at Union Mall (Currently, this branch has been already shut down).

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • The Company entered into an agreement on academic cooperation with the Faculty of Pharmacy, the Silpakorn University, so as to provide places of community-pharmacy internship and support human-resource development in pharmaceutical-science field.
  • The Company set up one more branch at The Crystal Ekamai-Ramindra.

Year 2016

Icare Health Company Limited

  • The Company opened a pharmacy under “vitaminclub” brand at Central Pinklao.
  • The Company opened a pharmacy under “Icare” brand at Senee Market, Phetkasem 28.

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • The Company raised its registered capital by 10 million baht from 15 million baht to 25 million baht with the issuance of 100,000 new ordinary shares at the par value of 100 baht per share. These new shares were offered to current shareholders. The offering was made to provide working capital to the Company.
  • The Company was certified as a member of the network led by the Chulalongkorn University’s Faculty of Pharmaceutical Sciences for the provision of continuing educational activities for pharmacists based on formats specified by the faculty.
  • The Company set up three more pharmacies at Food Villa Ratchaphruek, The Street Ratchada, and Suanplern Market (Currently, this branch at Suanplern Market has already been shut down).

Year 2015

Icare Health Company Limited

Icare Health Company Limited set up two more pharmacies under “vitaminclub” brand, one at Central Ladprao and the other at CentralPlaza Grand Rama 9 (Currently, this branch at CentralPlaza Grand Rama 9 has already been shut down).


Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • The Company raised its registered capital by 10 million baht from 5 million baht to 15 million baht with the issuance of 1000,000 new ordinary shares at the par value of 100 baht per share. The offering was done to provide working capital to the Company.
  • The Company set up one pharmacy at The Jas Ramindra (Currently, this branch at The Jas Ramindra has already been closed).

Year 2014

Icare Health Company Limited

  • The Company set up two more branches, one at Seri Market Rama 9 and the other at The Trio.
  • The Company raised its registered capital by 10 million baht from 20 million baht to 30 million baht with the issuance of 100,000 new ordinary shares at the par value of 100 baht per share. These shares were offered to current shareholders so as to raise working capital for the Company.

Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

The Company set up two more branches, one at The Jas Wanghin and the other at The Nine Rama 9.


Year 2013

Icare Health Company Limited

Icare Health Company Limited raised its registered capital by 15 million baht from 5 million baht to 20 million baht with the issuance of 150,000 new ordinary shares at the par value of 100 baht per share. These shares were offered to shareholders so as to raise working capital for the Company.


Healthiness Company Limited (previously known as Pharmax Retail Company Limited)

  • Initially registered as “Pharmax Retail Company Limited” on 16 January 2013, the Company had the registered capital of 5 million baht upon its incorporation. The Company was established to operate pharmacies and sell medicines, medical supplies, cosmeceuticals, dietary supplements, medical equipment, and health products under “Pharmax” brand. It had three pharmacies in the beginning, one at Pradit Manutham, Chamchuri Square, and Pure Place Ramkhamhaeng 110.
  • The Company set up two more branches, one at Nualchan and the other at The Avenue Chaengwattana (Currently, the branch at The Avenue Chaengwattana has already been shut down).

Year 2010

Icare Health Company Limited

The Company set up three more branches, one at Prachaniwet 1, another in Ekamai area, and the other on Soi Sukhumvit 51 (Currently, the branch on Soi Sukhumvit 51 has already been shut down).


Year 2009

Icare Health Company Limited

Icare Health Company Limited was incorporated on 15 January 2009 with the registered capital of 5 million baht to operate pharmacies and sell medicines, medical supplies, cosmeceuticals, dietary supplements and healthcare products under “Icare” brand. In the beginning, it had three pharmacies, one at Thossakan Intersection, another at Save Center, and Sai 2 Market.