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7-Eleven Eyes 300 New Stores

Philippine Seven Corp. (PSE: SEVN), the local licensee of 7-Eleven convenience stores, said it plans to open 300 new stores in 2019 as it aims to operate 3,000 stores by the end of the year.

PSC president Jose Victor Paterno said in an interview before the annual stockholders’ meeting that the company budgeted PhP3.5 billion in capital expenditures this year, primarily to fund the roll-out of new stores, the renovation of existing outlets and product launches.

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