Sultan boosts stake in 7-Eleven Malaysia
In this article (4)
Giving 7-Eleven Malaysia Holdings a royal edge, Sultan Ibrahim of Johor has become its second-largest individual shareholder.
He has an 8.44 per cent stake after acquiring 93.7 million shares in the convenience-store chain in the past month.
His shareholding comes as the company is expanding its retail footprint, says 7-Eleven Malaysia chairman Abdull Hamid. “We believe that with a shareholder of His Royal Highness’ stature, 7-Eleven’s position in the retail industry will be further strengthened.”
The group’s largest shareholder, Vincent Tan, says the increased stake by the sultan is good sign in that he is known to be “an astute investor with a keen eye for companies and businesses with strong fundamentals and good growth potential”.
7-Eleven Malaysia had revenue of RM2.10 billion (US$490 million) with a pre-tax profit of RM70.82 million last year. Incorporated in 1984, the group has more than 2100 outlets that serve 900,000-plus customers daily.
Questions & Answers
Q.How much of 7-Eleven Malaysia does Sultan Ibrahim now own?
How much of 7-Eleven Malaysia does Sultan Ibrahim now own?
Sultan Ibrahim of Johor now holds an 8.44 per cent stake in 7-Eleven Malaysia Holdings. He acquired 93.7 million shares in the past month, making him the second-largest individual shareholder in the company.
Q.What is the company's financial performance like?
What is the company's financial performance like?
Last year, 7-Eleven Malaysia reported a revenue of RM2.10 billion (US$490 million). The company's pre-tax profit for the same period was RM70.82 million.
Q.What is the current scale of 7-Eleven's operations in Malaysia?
What is the current scale of 7-Eleven's operations in Malaysia?
The 7-Eleven group operates more than 2100 outlets across Malaysia. These stores collectively serve over 900,000 customers on a daily basis.
Reader pulse
Does royal backing enhance 7-Eleven's market position?
16,982 votes so far