Sports Toto sells more 7-Eleven shares, disposes of Berjaya Assets stake
KUALA LUMPUR: Sports Toto Bhd has further trimmed its stake in 7-Eleven Malaysia Holdings Bhd, selling another 5.03 million shares for RM10.05 million, while also disposing of shares in Berjaya Assets Bhd for RM6.56 million.
Sports Toto Bhd has reduced its stake in 7-Eleven Malaysia Holdings Bhd by selling 5.03 million shares, earning RM10.05 million, and disposing of Berjaya Assets Bhd shares for RM6.56 million. The transactions, conducted on Aug 11, resulted in a 0.45% stake in 7-Eleven Malaysia and a 0.85% stake in Berjaya Assets. The company used the proceeds for investments, working capital, and operating expenses.
This follows a previous sale of 12.4 million 7-Eleven Malaysia shares last week, trimming Sports Toto's stake to 1.16%. Berjaya Corp Bhd, a major shareholder of all three companies, does not influence the decision. Sports Toto's board and audit committee approved the moves, deeming them in the group's best interest and fair to minority shareholders.
Written by urgent.news from New Straits Times's reporting — not their text. Machine-written — may contain errors; check the original before relying on it.
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