Berjaya Corporation Bhd’s subsidiary, Inter-Pacific Securities Sdn Bhd (IPS), acquired 16.80 million ordinary shares (equivalent to 1.51% equity interest) in 7-Eleven Malaysia Holdings Bhd (SEM) through direct transactions, for a cash consideration of approximately RM30.77 million.
This brings the combined equity interest of BCorp and its subsidiaries in SEM to about 14.37%.
The acquisitions were funded internally by IPS and have no expected material impact on BCorp group’s financials for the current fiscal year.