Taipei, Dec. 14 (CNA) Taiwan FamilyMart said Wednesday that Wan Pao Development Co., a majority shareholder of Cathay Financial Holding Co., had recently bought a stake of almost 20 percent in the convenience store chain.
Taiwan FamilyMart Co (全家便利商店), the operator of the nation’s second-largest convenience store chain, yesterday broke ground for a new multi-temperature logistics center in Hualien County’s Jian Township (吉安), which is expected to begin operations next year.
FamilyMart president Hsueh Dong-du (薛東都) said at the groundbreaking ceremony that the NT$560 million (US$18.78 million) investment would enhance the convenience store chain’s capacity in sorting and transshipping store merchandise and e-commerce packages.
It would also help improve the chain’s logistics distribution network and operational efficiency in the eastern part of Taiwan, he said in a press release by the Hualien County Government.
The COVID-19 pandemic has