Berjaya Philippines ups stake in 7-Eleven Malaysia for $1.2m

Visual from 7-Eleven Malaysia website.

Berjaya Philippines Inc, a holding firm of Malaysia-based gaming operator Berjaya Sports Toto Bhd, has increased its stake in 7-Eleven Malaysia Holdings Berhad (SEM) investing up to $1.2 million (P62.764 million).

Berjaya Philippines disclosed on Wednesday that it has acquired 3.9 million SEM shares in the open market, priced at an average of RM1.38 or P16.09 per share.

The deal increased Berjaya Philippines’ total SEM shares to 5.9 million, representing a 0.53 per cent equity interest.

SEM through its 100 per cent-owned subsidiary 7-Eleven Malaysia Sdn Bhd, is the owner and operator of 7-Eleven Stores in Malaysia.

7-Eleven Malaysia is reportedly the single largest convenience store chain in Malaysia with more than 2,100 convenience stores all over the country.

Berjaya Philippines is engaged in gaming, mobile phone prepaid loading distributions, hotel, automobiles, and restaurant businesses.

Berjaya Philippines’ last trading price increased 4.27 per cent or P0.230 to close at P5.62 per share on Wednesday (June 29).

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Following vacancies can be applied for (only in Singapore).   

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Singapore Reporter/s

In Singapore, we are looking to double our reporting team by this year-end to comprehensively cover the fast-moving world of funded startups and VC, PE & M&A deals. We want reporters who can tell our readers what is really happening in these sectors and why it matters to markets, companies and consumers. The ability to write precisely and urgently is crucial for these roles. Ideal candidates must have to ability to work in a collaborative, dynamic, and fast-changing environment. We want our new hires to be digitally savvy and ready to experiment with new forms of storytelling. Most importantly, we are looking for hard-hitting reporters who work well in a team. Collaboration and collegiality are a must.

Following vacancies can be applied for (only in Singapore).

Following vacancies can be applied for (only in Singapore).   

  • A reporter to track companies/startups that have raised private capital, and have the potential to become unicorns. SEA currently has over 40 companies with a valuation of over $100 million and under $1 billion.
  • A reporter who can get behind the scenes and reveal how funding rounds are put together, or why they’ve failed to materialise. She/he in this role will largely focus on long-format stories. 
  • A journalist to track special situations funds, distressed debt and private credit (from the PE angle) across Asia.