FASTER EXPANSION: PChomestore is planning to revamp its structure by introducing new strategic investors and broadening its business scope, chairman Jan Hung-tze said

Taipei Times
Date: May 09, 2018
By: Lisa Wang  /  Staff reporter

E-commerce operator PChomestore Inc (商店街) yesterday unexpectedly announced a NT$363 million (US$12.19 million) privatization plan in a bid to pursue greater returns on investment.

The announcement came after the company saw its losses deepen over the past four quarters amid escalating competition primarily from rival Shopee Taiwan Co (樂購蝦皮).

PChomestore incurred a loss of NT$1.06 billion last year, or a loss per share of NT$43.25, nearly three times the company’s share capital of about NT$345 million.

The losses were blamed on last year’s operating expenses of NT$1.27 billion, which skyrocketed from NT$240 million in 2016.    [FULL  STORY]