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Malaysian drugstore chain Caring Pharmacy is reportedly in the marketplace with proprietor 7-Eleven Malaysia Holdings mentioned to be in talks with a number of potential Japanese buyers.
In keeping with Bloomberg, 7-Eleven Malaysia is working with an adviser on a possible divestment of Caring Pharmacy at present, which is estimated to be price round US$400 million.
Established in 1994 by 5 pharmacists, who have been course-mates within the College of Pharmacy, Universiti Sains Malaysia (USM), Caring presents prescription drugs, healthcare and private care merchandise. As of 2019, the corporate had greater than 120 shops throughout the nation.
The convenience-store operator took management of Caring Phamarcy in 2020 and delisted it from Bursa Malaysia. In keeping with the corporate’s 2021 annual report, BCorp founder Tan Sri Vincent Tan is 7-Eleven Malaysia’s largest shareholder with 44.7 per cent of the inventory.
The report adopted 7-Eleven Malaysia’s foray into the Indonesian pharmacy enterprise by a three way partnership between Caring Pharmacy and PI Period Prima Indonesia.
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