7-Eleven Malaysia Holdings Bhd said its 60%-owned subsidiary has proposed to acquire a 2.13-acre parcel of land in Seri Kembangan for RM19 million, where it plans to develop a food commissary facility to support its future operations.
In a Bursa Malaysia filing on Tuesday, the group said the land is currently classified as freehold agricultural land and is owned by several individuals. The site is presently used for fruit cultivation.
The acquisition will be carried out through QVI Foods Sdn Bhd, a subsidiary that is 60% owned by 7-Eleven Malaysia. The remaining stake is held by other shareholders.
7-Eleven said the proposed purchase will allow the group to move upstream into the food commissary segment, strengthening its supply chain capabilities and supporting longer-term expansion plans in its retail and food-related businesses.
“The proposed acquisition will enable the SEM Group to venture upstream into food commissary, thereby facilitating its future expansion and operational plans,” the company said.
The group added that the project is expected to enhance operational efficiency by centralising food preparation and distribution support for its network.
The acquisition is expected to be completed by the second quarter of 2026, subject to fulfilment of conditions precedent and regulatory approvals.
Funding for the RM19 million purchase will come from a mix of internally generated funds and bank borrowings, the company said.
At market close on Tuesday, 7-Eleven Malaysia shares were unchanged at RM2, giving the group a market capitalisation of about RM2.34 billion.
