Creador buys 6.6% into 7-Eleven Malaysia paying RM108.8mil


Profitable: For the financial year ended Dec 31, 2014, 7-Eleven Malaysia made a net profit of RM63.1mil on the back of RM1.89bil in revenue.

PETALING JAYA: Private equity firm Creador Sdn Bhd has bought a 6.56% stake in convenience chain 7-Eleven (M) Holdings Bhd for RM108.82mil (US$25.28mil).

A filing with Bursa Malaysia showed that Creador has emerged as a substantial shareholder of the 24-hour convenience chain operator last Wednesday through a direct transaction.

Subscribe or renew your subscriptions to win prizes worth up to RM68,000!

Monthly Plan

RM13.90/month

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!
   

Next In Business News

Bitcoin at record highs, sets sights on US$100,000
Oil heads for weekly gains on anxiety over intensifying Ukraine war
Dollar climbs to 13-month peak, bitcoin eyes US$100,000
Bank Negara international reserves up at US$118bil
Affinity in talks to buy Penang-based Golden Fresh
AirAsia founder plots low-cost Dubai-like hub in Bangkok, Kuala Lumpur
China makes moves in digital culture market
Over 90% of entrepreneurs have yet to adopt e-invoicing - expert
Oil heads for weekly gains on anxiety over intensifying Ukraine war
S&P lowers outlook on three Adani units after US indictment of founder

Others Also Read