Caring Pharmacy plans northern expansion via acquisitions

“The proposed acquisitions serve as a new platform of growth for the Caring group, whereby it will expand its business footprint into the northern part of Malaysia covering Penang, Kedah and Perlis, ” Caring Pharmacy Group Bhd managing director Chong Yeow Siang (pic) said.

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd’s (SEM) 75%-owned subsidiary, Caring Pharmacy Retail Management Sdn Bhd, is eyeing an expansion in the northern region of the peninsula through the proposed acquisitions of equity interests in retail pharmacies and certain business assets.

SEM said Caring had signed several conditional agreements with various vendors to undertake the proposed acquisitions worth RM48.86mil.