Vincent Tan raises stake in 7-Eleven Malaysia

KUALA LUMPUR: Tycoon Tan Sri Vincent Tan raised his shareholding in convenience store owner and operator 7-Eleven Malaysia Holdings Bhd with the purchase of 15.62 million shares.

A filing by Berjaya Assets Bhd (BAssets) on Friday stated that the shares, which represent a 1.41% stake, was disposed of by its unit Sublime Cartel Sdn Bhd to Tan’s investment holding company True Ascend Sdn Bhd, in a direct business deal.