Caring sees over 90% of shares owned by 7-Eleven

By Xavier Kong

CARING Pharmacy Group Bhd, via a bourse filing, has announced receipt of a notice that 7-Eleven, through its wholly-owned subsidiary Convenience Shopping (Sabah) Sdn Bhd, now owns 90.58% of Caring’s shares, with the suspension and subsequent delisting of Caring’s shares on the horizon.

This is due to 7-Eleven not intending to maintain the listing status of Caring, with which Bursa Securities will suspend the trading of the Caring shares immediately upon the expiry of five market days from the close of the offer, pursuant to Paragraph 16.02(3) of the Listing Requirements.

Dissenting shareholders can also expect a notice within the next three weeks, informing them that they may exercise their rights for 7-Eleven, through its subsidiary, to acquire their offer shares.

At 2.47pm, Caring’s shares were last done at a static RM2.57, with 64,300 shares traded. – March 19, 2020

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