KUALA LUMPUR: Berjaya Land Bhd (BLand) has acquired 6.73 million ordinary shares representing about 0.61% equity interest in 7-Eleven Malaysia Holdings Bhd (SEM) for RM12.1mil cash, or at an average purchase price of about RM1.80 per SEM Share.
KUALA LUMPUR (Dec 10): Berjaya Land Bhd (BLand), controlled by tycoon Tan Sri Vincent Tan, has continued to accumulate shares in convenience store chain operator 7-Eleven Malaysia Holdings Bhd over the past three months.
In a filing with Bursa Malaysia today, BLand said its wholly-owned subsidiary Nural Enterprise Sdn Bhd acquired a total of 8.22 million shares, representing about 0.73% equity interest in 7-Eleven Malaysia in the open market between Sept 11 and Dec 8.
The shares were acquired for a total cash consideration of RM10.96 million or an average of RM1.33 per share.
As a result, BLand and its subsidiaries now have a 5.28% stake in 7-Eleven Malaysia.