Costco buys remaining stake in Taiwan joint venture for $1.05 billion

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:Costco Wholesale Corp said on Thursday it bought the 45 per cent stake it did not already own in its Taiwan joint venture, Costco-Taiwan, for $1.05 billion.

The deal, executed through a unit, is expected to add to the company's earnings per share by 1 per cent to 1-1/2 per cent, Costco said in a statement.

It also runs e-commerce sites in the island.

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Article Details

Category: Economy

Topics: Wholesale Joint Time Venture Stake Mediacorp Buys Remaining Cent Costco Taiwan

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2022-07-01, 04:43:41

News Timezone: GMT +8:00

News Source URL: channelnewsasia.com

Language: English

Reading Time: 2 minutes read

Article Length: 239 words

Coverage Area: Singapore

Availability: Desktop Web, Mobile Web

News ID: 23678

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About Channel News Asia

Main Topics: Economy

Official Website: channelnewsasia.com

Update Frequency: 57 posts per day

Year Established: 1999

Headquarters: Singapore

News Last Updated: 1h ago

Coverage Areas: Singapore

Ownership: Independent Company

Publication Timezone: GMT +8:00

News Language: English

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Publisher ID: #27

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