MOVING ABROAD: The firm plans to launch an overseas IPO after it delists and goes private, saying that e-commerce companies are not traded at a fair valuation in Taiwan
Date; May 17, 2018
By: Lisa Wang / Staff reporter
E-commerce operator PChomestore Inc (商店街) has seen its book value nosedive to minus-NT$25.3 per common share after losses last quarter worsened to NT$928 million (US$31.05 million) due to massive shipping subsidies.
The company’s book value was NT$1.64 per share on Dec. 31 last year.
The figure translated into losses per share of NT$26.94, its biggest quarterly losses in five quarters, the company said in a filing with the Taiwan Stock Exchange yesterday.
The quarterly losses were about 2.7 times bigger than PChomestore’s share capital of NT$344 million. [FULL STORY]