Johor Sultan raises further his stake in 7-Eleven - Business News | The Star Online

ADVERTISEMENT

Johor Sultan raises further his stake in 7-Eleven


7-Eleven is the country's largest chain of convenience stores.

7-Eleven is the country's largest chain of convenience stores.

KUALA LUMPUR: Johor ruler Sultan Ibrahim ibni Almarhum Sultan Iskandar, who early last week emerged as a substantial shareholder in 7-Eleven Malaysia Holdings Bhd , has further raised his stake in the company.

According to filings with Bursa Malaysia on Wednesday, he has acquired an additional 2.92 million shares in the country’s largest convenience store chain, boosting his direct interest to 8.856%.

The notices said Sultan Ibrahim acquired 1 million shares last Friday, 983,800 shares on Monday and 938,800 shares on Tuesday.

Based on Wednesday’s closing price of RM1.42 per share, his entire stake has a market value of RM139.64mil. The latest shares he secured are worth RM4.15mil.
 

ADVERTISEMENT