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Eslite Spectrum Corp, which runs the Eslite bookstore chain in Taiwan, is waiting for approval from its landlord to extend the lease for its 24-hour store in Taipei’s upscale Xinyi District (信義).
In its annual general meeting on Friday, Eslite chairwoman Mercy Wu (吳旻潔) told shareholders that the bookstore chain has been at a stalemate with conglomerate Uni-President Group, the largest of its seven landlords of the Xinyi store, in its talks to extend the location’s lease, which expires at the end of 2023.
The statement has raised fears that Taiwan’s only 24-hour bookstore could disappear if it cannot extend its lease.
The
Taipei, May 28 (CNA) Eslite Spectrum Corp., which runs the popular Eslite bookstore chain in Taiwan, is still waiting for approval from its landlord to extend the lease for its popular 24-hour store in Taipei's upscale Xinyi District.
LANDLORD SILENT: Six of seven landlords support renewing the 24-hour branch lease, while Uni-President Group was said to be mulling the space for its own use/ Staff writer, with CNA
Taipei, Oct. 18 (CNA) Shares in Taiwan gave up their initial gains to fall 0.45 percent Monday as investors pocketed profits in the bellwether electronics stocks, dealers said.