Uni-President Enterprises Co (
Tainan-based Uni-President also purchased 31.25 percent of Kuang-chuan Co's (光泉食品) shares for NT$22.44 million and an equal percentage of shares in Kuang-chuan Dairy Farm (光泉牧場) for NT$962 million, Lo said.
President Chain Store Corp (
Uni-President shares rose NT$0.6, or 3.06 percent, to NT$20.2 on the TAIEX yesterday. Lo made the announcement after the stock market closed. The company reported around NT$16 billion sales in Taiwan last year, compared to Kuang-chuan's more than NT$7 billion in sales.
Lo said Uni-President bought the shares from Wang Chun-chuan (汪圳泉), one of the biggest shareholders of family-run Kuang-chuan, for a total of NT$1.05 billion.
The share sale proceeded smoothly following two months of negotiations with Wang, he said.
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