MEDEZE Group Public Company Limited (MEDEZE) has announced the establishment of a new subsidiary, “Medeze Hair Renaissance Co., Ltd.”, to enter the health and beauty market. With registered capital of 100 million Baht, the new subsidiary aims to commence operations in the first quarter of 2025 and focus on creating innovations that meet the growing market demands.

Dr. Veerapol Kemarangsan, Chief Executive Officer of MEDEZE, revealed that the company has approved the formation of this new subsidiary to expand its business scope into the health and beauty market. The subsidiary will focus on creating products and services tailored to current market demands.

Dr. Veerapol also explained that this decision aligns with MEDEZE’s sustainable growth strategy which underline diversification into non-medical business areas while maintaining ties to health and wellbeing, particularly on haircare and beauty products which are high-growth potential markets.

Medeze Hair Renaissance Co., Ltd. will has a registered capital of 100 million Baht, with MEDEZE holding a 99.9998% ownership stake. Operations are expected to begin in the first quarter of 2025. The subsidiary focuses on development of value-added businesses that will enhance the MEDEZE group’s overall business ecosystem.

“This new subsidiary marks a significant milestone in creating new opportunities for MEDEZE. We aim to offer innovation and high-quality products to meet the rapidly evolving market demands. It is also a strategic move into health and beauty-related markets which we foresee long-term growth potential”, Dr. Veerapol stated.

The subsidiary’s operations will reinforce MEDEZE’s competitiveness and play a crucial role in achieving the company’s vision of becoming a leader in sustainable health and wellbeing businesses.