7-Eleven MY to sell Caring Pharmacy to BIG Pharmacy for US$134m
7-Eleven Malaysia has accepted an offer from BIG Pharmacy Healthcare to sell its 75% equity interest in Caring Pharmacy Group for US$134 million.
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7-Eleven Malaysia has accepted an offer from BIG Pharmacy Healthcare to sell its 75% equity interest in Caring Pharmacy Group for US$134 million.
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.
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.
Caring Pharmacy Retail Management Sdn Bhd (CPRM), a subsidiary of 7-Eleven Malaysia Holdings Bhd, has officially entered into a joint venture with Erajaya Beauty and Wellness (EBW), a business vertical of the Erajaya Group.
KUALA LUMPUR (Nov 29): 7-Eleven Malaysia Holdings Bhd’s (SEM) 75%-owned subsidiary, Caring Pharmacy Retail Management Sdn Bhd, has inked a joint-venture (JV) agreement to establish a pharmaceutical business to distribute and administer pharmaceutical products in Indonesia.