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.
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.
US-based private equity fund Carlyle Group is believed to have submitted a bid to buy Caring Pharmacy Group Bhd from convenience store operator 7-Eleven Malaysia Holdings Bhd. At the same, it is learnt that 7-Eleven is finalising negotiations to buy Sarawak-based retail pharmacy chain JOM Pharmacy.
KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) reported an over six-fold increase in its net profit at RM29.2mil for the fourth quarter ended Dec 31, 2021 (4Q21) from RM4.44mil a year ago.