- 67% stake of The Pill House Pharmacy Sdn Bhd (TPH) at RM25.5 million at a price-to-earnings (P/E) ratio of 10.4.
- 60% stake of Wellings Pharmacy Sdn Bhd (Wellings) at RM19.9 million at a P/E ratio of 7.2.
- Business assets in four pharmacy outlets held by Farmasi Sri Nibong Sdn Bhd and Farmasi Sri Nibong (Pekaka) Sdn Bhd at a combind total of RM3.5 million.
In 2019, 7-Eleven Malaysia Holdings Berhad mopped up shares in Caring Pharmacy Group Berhad and a mandatory takeover offer was subsequently extended, taking it private from Bursa Malaysia.
In less than just half a year, 7-Eleven Malaysia has made another move to acquire stakes in pharmacy companies and relevant business assets in the northern part of Peninsular Malaysia.
Here are four things I learned from the 2021 7-Eleven Malaysia extraordinary general meeting:
1. The RM48.9 million worth of acquisitions consisted of the following:
