KUALA LUMPUR: 7-Eleven Malaysia Holdings Bhd
(SEM) has workforce up with a listed firm on the Jakarta Inventory Alternate to arrange a retail pharmacy chain in Indonesia.
SEM, in a submitting right now, stated its 75% owned Caring Pharmacy Retail Administration Sdn Bhd has entered right into a three way partnership with PT Period Prima Indonesia (EPI) to established the enterprise.
Caring would take a 50.1% stake within the JV.
SEM stated the full funding of the proposed JV was about RM8.55mil. “The proposals represents a chance for the SEM Group to enterprise into the pharmaceutical trade in Indonesia,” it stated.
EPI is a subsidiary of listed agency PT Erajaya Swasembada Tbk, a distributor and retailer of cellular communication merchandise.
