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Malaysia: Johor Sultan To Be 7-Eleven’s 2nd Largest Individual Shareholder

Malaysia: Johor Sultan To Be 7-Eleven’s 2nd Largest Individual Shareholder

7-Eleven is the operator of the country’s largest convenience store chain with over 2,000 outlets.

 

Sultan Ibrahim ibni Almarhum Sultan Iskandar, the ruler of Johor who owns a direct stake of 8.438% or 93.7 million shares, has emerged as a substantial shareholder in 7-Eleven Malaysia Holdings Bhd, the country’s largest convenience store chain.

Tan Sri Vincent Tan, the largest shareholder, said, “I am very pleased that Sultan Ibrahim has increased his stake in 7-Eleven Malaysia. This augurs well for the company, given that Tuanku is known to be an astute investor with a keen eye for companies and businesses with strong fundamentals and good growth potential.”

7-Eleven Malaysia, in a press statement, has confirmed that Sultan Ibrahim had become its second largest individual shareholder. PWKD10082017

Last modified onThursday, 10 August 2017 02:20
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