Thailand’s largest convenience-store operator CP All Plc released a report to the Stock Exchange of Thailand (SET) on Monday on its negotiations for a Master Franchise agreement in relation to the establishment and operation of 7-Eleven stores in Cambodia and the Lao People’s Democratic Republic.
The company said the contractual parties are in the process of negotiating the terms of the Master Franchise Agreement and have agreed to an extension of the negotiation for a period yet to be agreed. This original period was due to expire by the second quarter of this year.
The company will inform the SET of any further progress on the matter, the report said.
The company’s share price at the start of business on Monday showed a rise of 0.25 baht ($0.82) and was trading at 86.25 baht per share, but dropped back to 86 baht at close. THE NATION (THAILAND)/ASIA NEWS NETWORK