7-Eleven sees 11.5% stake traded off-market

7-Eleven sees 11.5% stake traded off-market
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KUALA LUMPUR (May 7): 7-Eleven Malaysia Holdings Bhd saw more off market trades today, as 130 million shares crossed off-market, representing 11.52% of the company's total outstanding shares.

According to Bloomberg data tracking trade of 300,000 shares or more, the shares were transacted in one block, worth a total of RM195 million.

The transactions were carried out at RM1.50 per share.

The parties involved in the transaction was not immediately known.

Just last Thursday, Berjaya Assets Bhd (BAssets) announced that via its wholly-owned subsidiary Sublime Cartel Sdn Bhd, it had upped its stake in 7-Eleven to 5.24%.

Sublime Cartel had acquired 11.75 million shares, representing a 1.06% stake in 7-Eleven, for RM17.83 million, during the period between Jan 23 and May 2, at RM1.52 per share.

This brought Berjaya group founder Tan Sri Vincent Tan’s stake in 7-Eleven to 484.61 million shares or a 42.93% stake in the 24-hour convenience store operator.