BFood disposes stake in 7-Eleven Malaysia for RM13.2mil
KUALA LUMPUR: Berjaya Food Bhd's (BFood) wholly-owned subsidiary, Berjaya Food (International) Sdn Bhd (BFI), has disposed of 6.60 million ordinary shares, representing a 0.60% equity interest in 7-Eleven Malaysia Holdings Bhd (SEM), to Berjaya Corp Bhd (BCorp) for RM13.2mil cash, or RM2 per share.
Following the disposal, BFood, via BFI, now holds a 0.25% equity interest in SEM, comprising 2.77 million shares.
ALSO READ: BCorp acquires 1.66% stake in Berjaya Assets for RM12.75mil
In a filing with Bursa Malaysia, BFood said the cash consideration for the disposal was arrived at after taking into consideration the prevailing market prices of the SEM Shares at the time of the disposal.
'The cash proceeds from the disposal will be utilised as working capital of BFood and subsidiaries (BFood Group). The disposal enabled the BFood Group to realise part of its investment in SEM,' it added.
The carrying value of the SEM Shares pursuant to the disposal (which were acquired since March 2023) in the books of the BFood Group as at May 31, 2025 is about RM1.95 per SEM share.
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