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7-Eleven tumbles more than 10% on news of pharmacy sale

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.

Big Pharmacy to buy Caring Pharmacy from 7-Eleven Malaysia

Big Pharmacy is to acquire the 75 per cent stake in Caring from 7-Eleven Malaysia for a consideration of RM637.5 million (US$134 million). 

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