Business

Sultan Ibrahim now owns 8.44% of 7-Eleven Malaysia

KUALA LUMPUR — August 8, 2017: The Sultan of Johor, Sultan Ibrahim Ibni Almarhum Sultan Iskandar, is now the second largest individual shareholder in 7-Eleven Malaysia Holdings with a 8.44 per cent stake after acquiring 93.70 million shares last month.

The company’s largest shareholder Tan Sri Vincent Tan said the ruler’s move to increase his stake augurs well for the company, given that he is known to be an astute investor.

Its chairman Tan Sri Abdull Hamid Embong said the move reflects the sultan’s confidence in the performance and future potential of 7-Eleven Malaysia.

Incorporated in 1984, 7-Eleven is the pioneer and largest 24-hour stand-alone convenience store operator in Malaysia with over 2,100 outlets. — Bernama

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