As global markets exhibit mixed signals with record highs in major indices and concerns over manufacturing contraction, investors continue to navigate through a complex economic landscape. In such times, growth companies with high insider ownership can be particularly appealing, as significant insider stakes often reflect confidence in the company's future prospects from those who know it best.
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<strong>FamilyMart plan approved</strong>
Taiwan FamilyMart Co (全家便利商店), the nation’s second-biggest convenience store chain, plans to invest NT$16.8 billion (US$592.7 million) to expand its logistics facilities amid a rise in online shopping, the Ministry of Economic Affairs said yesterday as it approved the company’s application to join the government’s “Invest in Taiwan” initiative. FamilyMart said it plans to expand its logistics capacity in Taichung, Hualien County and Hsinchu County’s Hukou Township (湖口). The new facilities are to start operations next year and in 2024. The company operates eight logistics centers in Taiwan. Part of the investment would be to install solar panels