7-Eleven’s potential sale of Caring seen as positive

TheStar Thu, Jul 21, 2022 10:01am - 1 year View Original


“If this materialises, it will allow 7-Eleven Malaysia to focus on growing its core convenience store business and strengthen its financial profile,” CGS-CIMB Research said in its note to clients yesterday.

PETALING JAYA: CGS-CIMB Research is positive on news of the potential divestment of Caring Pharmacy Group Bhd by 7-Eleven Malaysia Holdings Bhd.

“If this materialises, it will allow 7-Eleven Malaysia to focus on growing its core convenience store business and strengthen its financial profile,” the research house said in its note to clients yesterday.

According to an article by a local business portal, 7-Eleven Malaysia is said to be looking at a potential divestment of its pharmaceutical arm, Caring after attracting interest from some Japanese parties, potentially valuing the entire pharmacy group at RM1.8bil.

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