Berjaya Corp acquires more shares in 7-Eleven Malaysia
In this article (4)
Berjaya Corporation Bhd’s subsidiary, Inter-Pacific Securities Sdn Bhd (IPS), acquired 16.80 million ordinary shares (equivalent to 1.51% equity interest) in 7-Eleven Malaysia Holdings Bhd (SEM) through direct transactions, for a cash consideration of approximately RM30.77 million.
This brings the combined equity interest of BCorp and its subsidiaries in SEM to about 14.37%.
The acquisitions were funded internally by IPS and have no expected material impact on BCorp group’s financials for the current fiscal year.
Questions & Answers
Q.What percentage of 7-Eleven Malaysia Holdings Bhd (SEM) does Berjaya Corporation (BCorp) and its subsidiaries now own in total?
What percentage of 7-Eleven Malaysia Holdings Bhd (SEM) does Berjaya Corporation (BCorp) and its subsidiaries now own in total?
Following the acquisition of an additional 1.51% equity interest, BCorp and its subsidiaries now hold a combined equity interest of approximately 14.37% in 7-Eleven Malaysia Holdings Bhd.
Q.How much did Berjaya Corporation's subsidiary pay for the additional shares in 7-Eleven Malaysia?
How much did Berjaya Corporation's subsidiary pay for the additional shares in 7-Eleven Malaysia?
Inter-Pacific Securities Sdn Bhd (IPS), a subsidiary of Berjaya Corporation Bhd, paid approximately RM30.77 million in cash for the 16.80 million ordinary shares in 7-Eleven Malaysia Holdings Bhd.
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