SEM

2.000

(%)

TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS) : NON RELATED PARTY TRANSACTIONS 7-ELEVEN MALAYSIA HOLDINGS BERHAD ("SEM" OR THE "COMPANY") DISPOSAL BY CONVENIENCE SHOPPING (SABAH) SDN BHD ("CSSSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 75% EQUITY INTEREST IN CARING PHARMACY GROUP BERHAD ("CARING") TO BIG PHARMACY HOLDINGS SDN BHD ("BIG PHARMACY" OR "PURCHASER") FOR A CASH CONSIDERATION OF RM675.0 MILLION ("DISPOSAL")

7-ELEVEN MALAYSIA HOLDINGS BERHAD

Type Announcement
Subject TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS
Description
7-ELEVEN MALAYSIA HOLDINGS BERHAD ("SEM" OR THE "COMPANY")

DISPOSAL BY CONVENIENCE SHOPPING (SABAH) SDN BHD ("CSSSB"), A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY, OF ITS ENTIRE 75% EQUITY INTEREST IN CARING PHARMACY GROUP BERHAD ("CARING") TO BIG PHARMACY HOLDINGS SDN BHD ("BIG PHARMACY" OR "PURCHASER") FOR A CASH CONSIDERATION OF RM675.0 MILLION ("DISPOSAL")

We refer to the Company's announcements dated 21 July 2023, 21 September 2023, 30 November 2023 and 14 December 2023, and the circular to shareholders dated 29 November 2023 ("Circular") in relation to the Disposal. Unless otherwise stated, the abbreviations used herein shall have the same meaning as the said announcements and Circular.

 

On behalf of the Board, RHB Investment Bank wishes to announce that all the conditions precedent as set out in the SPA have been fulfilled or waived (as the case may be). Accordingly, the SPA has become unconditional in accordance with its terms and conditions on 15 December 2023. 

 

This announcement is dated 15 December 2023






Announcement Info

Company Name 7-ELEVEN MALAYSIA HOLDINGS BERHAD
Stock Name SEM
Date Announced 15 Dec 2023
Category General Announcement for PLC
Reference Number GA1-13122023-00036