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Caring Pharmacy gets DELISTED for leaving Bursa Malaysia after Buy-Over from 7-Eleven.

Caring Pharmacy gets DELISTED for leaving Bursa Malaysia after Buy-Over from 7-Eleven.

Caring Pharmacy Group Bhd will exit Bursa Malaysia on Friday, 8 MAY 2020, after 6.5 years of being listed on the bourse’s Main Market.

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This follows the completion of the takeover of Caring by 7-Eleven Malaysia Holdings Bhd, the pharmaceutical chain said in a filing today.

7-Eleven Malaysia's Caring stake buy may be earnings-accretive ...

7-Eleven Malaysia had launched a mandatory general offer to buy out Caring at RM2.60 per share.

The takeover offer was made after the convenience store chain raised its stake in Caring to 38.57% from 13.22% previously.

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Established in 1994, Caring opened its first outlet in Taman Muda Cheras.

In 2019, it had more than 120 outlets.

On Growth, Going Online And Progress Of Caring Pharmacy Malaysia

Caring’s shares have been suspended since 20 APR.

The stock was last traded at RM2.58.

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