7-Eleven Malaysia Holdings Bhd announced that His Royal Highness, DYMM Sultan Ibrahim of Johor is now its second largest individual shareholder with a 8.44% stake after acquiring 93.70 million shares in 7-Eleven Malaysia since July 2017.
7-Eleven Malaysia Chairman Tan Sri Abdull Hamid said, “On behalf of the Board of 7-Eleven Malaysia, we welcome Tuanku as one of our substantial shareholders especially at a time when we are expanding our retail footprint to increase our market share and sustain our profitability. This truly reflects Tuanku’s confidence in the performance and future potential of 7-Eleven Malaysia. We believe that with a shareholder of Tuanku’s stature, 7-Eleven’s position in the retail industry will be further strengthened.”
The largest shareholder of 7-Eleven Malaysia, Tan Sri Vincent Tan expressed that, “I am very pleased that DYMM 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 posted a revenue of RM2.10 billion with a pre-tax profit of RM70.82 million in the financial year ended 31 December 2016.
7-Eleven Malaysia Holdings Berhad through its subsidiary 7-Eleven Malaysia Sdn. Bhd. is the owner and operator of 7-Eleven stores in Malaysia. Incorporated on 4 June 1984, 7-Eleven Malaysia has made its mark in the retailing scene and have been a prominent icon for over 30 years.
7-Eleven Malaysia is the pioneer and largest 24-hours standalone convenience store operator in Malaysia with over 2,100 outlets nationwide and serves more than 900,000 customers daily. 7-Eleven stores can be found across bustling commercial districts to serene suburban residential compounds throughout Malaysia, from petrol stations and LRT stations to shopping malls and medical institutions.