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Berjaya Land spends RM11m to mop up 7-Eleven shares

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. ....

Kuala Lumpur , South Korea , Sdn Bhd , Tsai Tzung , Bland Group , Eleven Malaysia Holdings Bhd , Top Glove Corp Bhd , Union Group Ltd , Berjaya Land Bhd , Tan Sri Vincent , Bursa Malaysia , Nural Enterprise Sdn Bhd , Eleven Malaysia , Tsai Tzung Han , Classic Union Group Ltd , True Ascend Sdn Bhd , Sultan Ibrahim Ibni Almarhum Iskandar , Tan Sri Lim Wee Chai , குவாலா லம்பூர் , தெற்கு கொரியா , ஸ்டன் ப்ட் , சாதுவான குழு , பதினொன்று மலேசியா ஹோல்டிங்ஸ் ப்ட் , மேல் கையுறை கார்ப் ப்ட் , தொழிற்சங்கம் குழு லிமிடெட் , பெர்ஜயா நில ப்ட் ,

Cymao, AirAsia, Bermaz Auto, Poh Kong, BIMB, Top Glove, UMW, KUB, BLand and 7-Eleven

KUALA LUMPUR (Dec 10): Based on corporate announcements and news flow today, stocks in focus for Friday (Dec 11) may include: Cymao Holdings Bhd, AirAsia Group Bhd, Bermaz Auto Bhd, Poh Kong Holdings Bhd, BIMB Holdings Bhd, Top Glove Corp Bhd, UMW Holdings Bhd, KUB Malaysia Bhd, Berjaya Land Bhd (BLand) and 7-Eleven Malaysia Holdings Bhd.
In response to Bursa Malaysia s unusual market activity query yesterday,
Cymao Holdings Bhd said the group is in the final stage of discussion with several parties on a potential new viable business venture to reduce the plywood maker s reliance on its core business.
Cymao said in light of the plywood industry remaining challenging, the group has been exploring new business opportunities to expand its core business or diversify its businesses to reduce reliance on the existing core business, as well as to expand the company s earnings base. ....

Kuala Lumpur , Sdn Bhd , Tony Fernandes , Bhd Bauto , Centre For Aviation , Cymao Holdings Bhd , Agro Holdings , Bank Islam , Top Glove Corp Bhd , Tata Group , Airasia India Ltd , Bank Islam Malaysia Bhd , Airasia Group Bhd , Eleven Malaysia Holdings Bhd , Agro Holdings Sdn Bhd , Bank Negara Malaysia , Poh Kong Holdings Bhd , Holdings Bhd , Bermaz Auto Bhd , Berjaya Land Bhd , Eleven Malaysia Holdings , Bursa Malaysia , Asia Group Bhd , Sri Tony Fernandes , Auto Bhd , Kong Holdings Bhd ,