7-Eleven to dispose of entire 75% stake in Caring Pharmacy for RM637.5mil

KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd (SEM) has received an offer from BIG Pharmacy Healthcare Sdn Bhd to acquire its entire 75% equity interest in Caring Pharmacy Group Bhd for RM637.5mil.

In a filing with Bursa Malaysia, SEM said its wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd (CSSSB) received a binding term sheet from BIG Pharmacy for the proposed disposal.