Johor Sultan ups stake in 7-Eleven

PETALING JAYA: His Majesty Sultan Ibrahim of Johor has further increased his stake in 7-Eleven Malaysia Holdings Bhd to 15.52% from 8.44% in August.
Sultan Ibrahim of Johor remains as the second largest individual shareholder in 7-Eleven Malaysia.
7-Eleven Malaysia’s largest shareholder Tan Sri Vincent Tan expressed that he is very pleased that Sultan Ibrahim of Johor had continued to increase his stake in the convenience store chain.
“This reflects his continued confidence in the capabilities, performance and business potential of 7-Eleven Malaysia,” he said.
7-Eleven Malaysia reported an unaudited revenue of RM1.64 billion with a pre-tax profit of RM43.94 million for the nine-month period ended Sept 30, 2017.
Its shares gained 1 sen or 0.6% to close at RM1.56 today on some 248,300 shares done.