Clifford Chance

Clifford Chance advises 7-Eleven Malaysia on US$225 million IPO

Leading international law firm Clifford Chance has advised 7-Eleven Malaysia Holdings Berhad on the international law aspects of its 144A/Reg S US$225 million IPO on the Main Market of Bursa Malaysia Securities Berhad. A total of 530,325,000 shares were sold at MYR1.38 per share.

Singapore Capital Markets partner Raymond Tong who led on this transaction commented, "We are delighted to have worked with 7-Eleven on this very successful listing. There was great demand from both local and overseas investors on this issuance highlighting the strength of the Malaysian consumer goods and retail sector."

Raymond was supported by partner Johannes Juette and assisted by senior associate Jeremy Ward and associate Jonathan Crandall. US tax advice was provided by partner Avrohom Gelber and associate Eric Naftel.

Wong Beh & Toh provided Malaysian law advice to 7-Eleven Malaysia.

7-Eleven Malaysia is the owner and operator of 7-Eleven stores in Malaysia. It has 1,583 stores and is the largest retail convenience store chain in Malaysia. Proceeds from the listing will be used to open 200 new 7-eleven stores in 2014, refurbish stores, construct a new distribution center and upgrade IT systems.