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, 14 December 2023 and 15 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 the Disposal has been completed today following the full settlement of the final Initial Consideration (after the final adjustments made to the Equity Value) and the Premium to CSSSB. Accordingly, the final Disposal Consideration after the final adjustments made to the Equity Value amounts to RM666,248,195.

 

Further details of the basis, calculation, justification and implication of the final adjustments to the Equity Value and final Disposal Consideration as well as the expected pro forma gain arising from the Disposal based on the final Disposal Consideration are set out in the attachment below.

 

This announcement is dated 29 December 2023.




Please refer attachment below.



Announcement Info

Company Name 7-ELEVEN MALAYSIA HOLDINGS BERHAD
Stock Name SEM
Date Announced 29 Dec 2023
Category General Announcement for PLC
Reference Number GA1-28122023-00043