First Steamship Announces Strategic Disposal of Grand Ocean Retail Group Equity
📋 Article Processing Timeline
- 📰 Published: May 14, 2026 at 09:00
- 🔍 Collected: May 15, 2026 at 08:00 (23h 0m after Published)
- 🤖 AI Analyzed: May 15, 2026 at 15:51 (7h 50m after Collected)
First Steamship Co., Ltd. announced that its subsidiary, First Steamship S.A., plans to dispose of 45,780,000 shares of Grand Ocean Retail Group Limited (5907-KY). The transaction, valued at approximately NT$228.9 million with a minimum price of NT$5 per share, is expected to result in a loss of NT$656.4 million. This strategic move aims to optimize group performance and mitigate ongoing losses from the department store sector through operational adjustment.