President Chain Store Corporation (TWSE:2912) agreed to acquire an additional 70.9% stake in Connection Labs Ltd on January 8, 2021. PCSC will integrate with foodomo in stages. First, PCSC will acquire approximately 29% of a minority stake in foodomo, becoming a strategic investor and promoting cooperation between the two companies in both technology and business activities. It then plans to acquire the remaining 71% of foodomo’s shares after obtaining the approval of the Fair Trade Commission, making foodomo a wholly-owned subsidiary of PCSC and the main business unit for the future of its delivery platform business. President Chain Store Corporation (TWSE:2912) acquired an additional 70.9% stake in Connection Labs Ltd. on June 2021.