Spending NT$10 Billion on KFC and Pizza Hut? Uni-President's Lo Chih-hsien: 'No Comment' on M&A Rumors
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On May 20, after a shareholders' meeting, Lo Chih-hsien, Chairman of President Chain Store Corp., responded to market rumors. Regarding the investment in Japanese supermarket LOPIA, he stated it's 'inconvenient to comment' as it's under review. For rumors of a NT$10 billion bid for the operating rights of KFC and Pizza Hut, he offered 'no comment.' However, he emphasized that any merger or acquisition with a positive impact on shareholders and society would be 'seriously considered.' He also mentioned that there is no ceiling for 7-ELEVEN's expansion in Taiwan, with 10,000 stores being a future possibility.