Reported 11 months ago
FamilyMart convenience store is set to hold a board of directors re-election on June 21, expanding the total seats to 15 from 13, including 10 directors and 5 independent directors. Cathay Ctsai's Wampao Development, the second largest shareholder after Japan's FamilyMart, is rumored to secure 3 seats, including 2 directors and 1 independent director, affecting the competition for ATM locations. With the consideration of regulatory requirements and corporate development needs, FamilyMart has increased the number of independent director seats in the list of candidates, attracting attention to Wampao Development securing 3 seats. Notably, Japan's FamilyMart holds 45% while Wampao Development holds 19.4% of the shares in FamilyMart.
Source: YAHOO