7-Eleven tumbles more than 10% on news of pharmacy sale

KUALA LUMPUR 7-Eleven Malaysia Holdings Bhd's trading stock took a tumble in early Monday trade following news it was proposing to dispose of its 75% stake in Caring Pharmacy Group Bhd to pharmaceutical rival BIG Pharmacy Healthcare Sdn Bhd.

The share opened on a slide at RM2.10 a share before tumbling to a low of RM1.92 or 13.18% below its reference price. As at 10am, there were 154,800 shares crossed.