7-Eleven Malaysia scraps combined distribution centre plan

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd has scrapped its plan to build a combined distribution centre which would have been financed from its capital expenditure (capex) from its IPO.

It said on Friday the proposed utilisation for total capex of RM184.79mil as contained in the IPO prospectus included RM40.79mil to build the distribution centre remained unutilised as at Aug 28.

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