BLand buys RM12mil stake in 7-Eleven

PETALING JAYA: Berjaya Land Bhd (BLand) has acquired 6.73 million ordinary shares representing about a 0.61% equity interest in 7-Eleven Malaysia Holdings Bhd (SEM) for RM12.1mil cash, or at an average purchase price of about RM1.80 per SEM share.

In a filing with Bursa Malaysia, BLand said its 100%-owned subsidiary, Berjaya Vacation Club Bhd, had on July 27, 2022 and March 15, 2023, acquired SEM shares from a non-related party and True Ascend Sdn Bhd or TASB, a company controlled by Tan Sri Vincent Tan Chee Yioun respectively, via direct business transactions.