Johor Sultan now owns 8.44% in 7-Eleven Malaysia

Filings with Bursa Malaysia showed that the Johor ruler now owns a direct stake of 8.44%, or 93.7 million shares, in the single-largest convenience store chain operator in the country. This makes Sultan Ibrahim the second-largest shareholder in 7-Eleven after tycoon Tan Sri Vincent Tan Chee Yioun.

PETALING JAYA: Sultan Ibrahim ibni Almarhum Sultan Iskandar of Johor has emerged as a substantial shareholder in 7-Eleven Malaysia Holdings Bhd.

Filings with Bursa Malaysia showed that the Johor ruler now owns a direct stake of 8.44%, or 93.7 million shares, in the single-largest convenience store chain operator in the country.