Malaysia’s 7-Eleven stores could list very soon

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7-elevenThe Malaysian 7-Eleven convenience-store franchise owned by tycoon Vincent Tan, CEO of conglomerate Berjaya Group, is preparing an initial public offering (IPO) at the Bursa Malaysia to raise $200 million, local media reported.

Tan has appointed UBS AG and Maybank Investment Bank Bhd as lead managers for the IPO which could take place later in 2013 or in 2014 and could value the company at as much as $800 million.

The IPO is an alternative plan after Tan failed to find a buyer for 49 per cent of his 7-Eleven Malaysia Sdn which he owns through Berjaya Retail Bhd.

A successful IPO by 7-Eleven Malaysia would help shore up investor confidence in Malaysia’s market. Apart from 7-Eleven, other Malaysian companies preparing IPOs include the oil and gas unit of UMW Holdings Bhd, port and logistics operator Westports Malaysia Sdn and Iskandar Waterfront Holdings Sdn, a real-estate developer focused on southern Johor state. Combined, they expect to raise more than $2 billion.

After a big year 2012, Malaysia’s IPO market  has slumped in 2013, largely due to uncertainty over a fiercely competitive national election in May. So far this year, 9 companies have raised around $390 million, with most of that coming from the otherwise not-so-successfull IPO of AirAsia X Bhd in June 2013 that raised $308 million.

With more than 1,300 stores, 7-Eleven Malaysia serves around 500,000 customers a day. It generated revenue of about $433 million) and a net profit of $12 million for Berjaya Retail in 2010, the most recent period for which results are available.

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Reading Time: 2 minutes

The Malaysian 7-Eleven convenience-store franchise owned by tycoon Vincent Tan, CEO of conglomerate Berjaya Group, is preparing an initial public offering (IPO) at the Bursa Malaysia to raise $200 million, local media reported.

Reading Time: 2 minutes

7-elevenThe Malaysian 7-Eleven convenience-store franchise owned by tycoon Vincent Tan, CEO of conglomerate Berjaya Group, is preparing an initial public offering (IPO) at the Bursa Malaysia to raise $200 million, local media reported.

Tan has appointed UBS AG and Maybank Investment Bank Bhd as lead managers for the IPO which could take place later in 2013 or in 2014 and could value the company at as much as $800 million.

The IPO is an alternative plan after Tan failed to find a buyer for 49 per cent of his 7-Eleven Malaysia Sdn which he owns through Berjaya Retail Bhd.

A successful IPO by 7-Eleven Malaysia would help shore up investor confidence in Malaysia’s market. Apart from 7-Eleven, other Malaysian companies preparing IPOs include the oil and gas unit of UMW Holdings Bhd, port and logistics operator Westports Malaysia Sdn and Iskandar Waterfront Holdings Sdn, a real-estate developer focused on southern Johor state. Combined, they expect to raise more than $2 billion.

After a big year 2012, Malaysia’s IPO market  has slumped in 2013, largely due to uncertainty over a fiercely competitive national election in May. So far this year, 9 companies have raised around $390 million, with most of that coming from the otherwise not-so-successfull IPO of AirAsia X Bhd in June 2013 that raised $308 million.

With more than 1,300 stores, 7-Eleven Malaysia serves around 500,000 customers a day. It generated revenue of about $433 million) and a net profit of $12 million for Berjaya Retail in 2010, the most recent period for which results are available.

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