KUALA LUMPUR (April 27): 7-Eleven Malaysia Holdings Bhd today issued a notice to dissenting shareholders of Caring Pharmacy Group Bhd for the compulsory acquisition of shares it does not own yet in the pharmacy chain for RM2.60 apiece.

This is as 7-Eleven, via its unit Convenience Shopping (Sabah) Sdn Bhd (CSSSB), has satisfied the conditions of the Capital Markets and Services Act 2007 to issue the notice to dissenting shareholders.

Dissenting shareholders have one month to request the details of other dissenting shareholders from 7-Eleven.

CSSSB will be entitled to acquire all outstanding Caring shares within one month from the date of the notice, or 14 days after the details have been delivered upon request.

As at March 27, CSSSB and the parties acting in concert — namely 7-Eleven, Tan Sri Vincent Tan, Jitumaju Sdn Bhd and U Telemedia Sdn Bhd — had obtained 215.04 million Caring shares representing a 98.77% stake as at March 25, 2020.

At the time of writing, shares in Caring were traded at RM2.58 apiece with a market capitalisation of RM561.68 million. 7-Eleven shares were unchanged at RM1.34 with a market capitalisation of RM1.65 billion.