Billionaire Vincent Tan controlled 7-Eleven gets approval for May listing on Bursa

To fund expansion plans, 7-Eleven is offering up to 530.33 million shares.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd has received approval at the second time of asking to list on Bursa Malaysia by selling an estimated RM660mil worth of shares, according to a person familiar with the deal.

The convenience store operator, controlled by billionaire Tan Sri Vincent Tan, had proposed an initial public offering for December, but postponed until March after regulators requested information mainly regarding the value of the company’s businesses.