- February 12, 2020 2:47 AM
- February 5, 2021 9:16 AM
- March 7, 2020 9:18 AM
The Thai stock exchange was informed of this franchise agreement
PHNOM PENH--Thailand’s largest convenience-store operator CP All Public Company Limited has announced that it will open 7-Eleven stores in Cambodia through its indirect Cambodian subsidiary.
According to a notification submitted Thursday (May 7) to the president of the Stock Exchange of Thailand, CP All (Cambodia) Co., Ltd. is a newly-incorporated company that was granted franchising rights to establish and operate 7-Eleven stores in Cambodia for a period of 30 years, which the parties may agree to extend by two additional 20-year terms.
"CP ALL (Cambodia) Co., Ltd. established in accordance with the laws of Cambodia for the operation of the 7-Eleven business under the aforementioned Master Franchise Business in Cambodia, and has an initial registered capital of 5,000 USD," the notification read.
Contacted to confirm the information, Seang Thay, a spokesperson for Cambodia’s Ministry of Commerce, said that he had not received information regarding this franchise agreement at this point.
"I am looking into it," Thay added.