7-Eleven awarded ‘Best IR for an IPO in 2014’

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(From Left) Ong Li Lee, director of Bursa Malaysia and Brown posing with the award for ‘Best IR for an IPO in 2014’.

(From Left) Ong Li Lee, director of Bursa Malaysia and Brown posing with the award for ‘Best IR for an IPO in 2014’.

KUCHING: 7-Eleven Malaysia Holdings Bhd (7-Eleven) received the award for ‘Best IR For An IPO In 2014’ at the Malaysian Investor Relations (IR) Awards 2015.

According to a statement, the IR Awards is an annual event organised by the Malaysian Investor Relations Association (MIRA), to recognise excellence in the field of IR by both individuals and listed entities in Malaysia.

Gary Brown, chief executive officer of 7-Eleven shared, “7-Eleven is extremely pleased to have received this award from MIRA, which is a recognition of the hard work and effort of the whole team that was behind our IPO.

“Since our listing, our stock price has continued to perform well, which we believe is a testament to the confidence the investment community has in our business model as well as the operational strategy we have pursued utilising the funds raised.

“We are well on our way towards achieving our targeted expansion of 600 new stores in the three year period of 2014-2016, having already opened 245 stores from January 2014 to March 2015,” he said.

The award for ‘Best IR for an IPO in 2014’ that was garnered by 7-Eleven, was based on the results of the fifth Malaysian IR Survey which was commissioned by MIRA and conducted by the independent service provider, NASDAQ.

7-Eleven has been steadily pursuing an effective growth blueprint since their listing which includes the expansion of the company’s network through new stores, on-going store refurbishment, exciting shopper promotion activity, improved merchandise mix, enhanced fresh food & beverage offerings and expanded in-store services.

They recently have also begun providing 24/7 bill payment services as well, further embodying their tagline, ‘Always There For You’.

Brown further added, “The strong results we recorded in the first quarter of 2015 reflects positive growth in both revenue and profits driven by the on-going execution of our expansion strategy. We are optimistic that 7-Eleven will be able to maintaining our market leading position moving forward as we continue to create value for our stakeholders.”