Sato Restaurant Systems Co., Ltd. (TSE:8163) acquired remaining 81% stake in President Sato Co., Ltd from President Chain Store Corp. (TSEC:2912) for TWD 14.3 million in cash on February 26, 2016. President Sato will become a wholly owned subsidiary of Sato Restaurant Systems. The name of President Sato Co., Ltd will be changed to SRS Taiwan Company Limited.

Sato Restaurant Systems Co., Ltd. (TSE:8163) completed the acquisition of remaining 81% stake in President Sato Co., Ltd from President Chain Store Corp. (TSEC:2912) on February 26, 2016.