Caring Pharmacy Group Berhad

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s credit profile will not be materially impacted from the proposed disposal of its 75 per cent stake in Caring Pharmacy Group Bhd to BIG Pharmacy Holdings Sdn Bhd. 

© New Straits Times Press (M) Bhd

7-Eleven Malaysia Holdings Bhd’s wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd will sell a 75% stake in Caring Pharmacy Group Bhd for RM675mil.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd's (SEM) wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd (CSSSB) will sell a 75 per cent stake in Caring Pharmacy Group Bhd (Caring) for RM675 million.

7-Eleven Malaysia Holdings Bhd will utilise the proceeds from the disposal of its 75% equity stake in Caring Pharmacy Group Bhd to enhance and grow its convenience store business especially its 7-Cafe chain.

KUALA LUMPUR 7-Eleven Malaysia Holdings Bhd's trading stock took a tumble in early Monday trade following news it was proposing to dispose of its 75% stake in Caring Pharmacy Group Bhd to pharmaceutical rival BIG Pharmacy Healthcare Sdn Bhd.

7-Eleven Malaysia Holdings Bhd stated its wholly owned unit, Convenience Shopping (Sabah) Sdn Bhd (CSSSB), has received an offer from BIG Pharmacy Healthcare Sdn Bhd to acquire CSSSB’s entire 75% equity interest in Caring Pharmacy Group Bhd for RM637.5mil cash.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) has received an offer from BIG Pharmacy Healthcare Sdn Bhd to acquire its entire 75% equity interest in Caring Pharmacy Group Bhd for RM637.5mil.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s unit, Convenience Shopping (Sabah) Sdn Bhd (CSSSB), has received an offer from BIG Pharmacy Healthcare Sdn Bhd to acquire its entire 75 per cent equity interest in Caring Pharmacy Group Bhd for RM637.5 million.

© New Straits Times Press (M) Bhd

$SEM / 5250 (7-ELEVEN MALAYSIA HOLDINGS BERHAD) $BJCORP / 3395 (BERJAYA CORPORATION BERHAD) $CARING / 5245 (CARING PHARMACY GROUP BERHAD)

PETALING JAYA: CGS-CIMB Research is positive on news of the potential divestment of Caring Pharmacy Group Bhd by 7-Eleven Malaysia Holdings Bhd.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd's (SEM) potential divestment of its pharmacy chain Caring Pharmacy Group Bhd is seen as positive as it allows SEM to focus on growing its convenience store business and strengthen its financial profile.

© New Straits Times Press (M) Bhd

$SEM / 5250 (7-ELEVEN MALAYSIA HOLDINGS BERHAD) $CARING / 5245 (CARING PHARMACY GROUP BERHAD)

KUALA LUMPUR: Caring Pharmacy Group Bhd (Caring) will be delisted from Bursa Malaysia on May 8,2020, the company said in a filing with the exchange.