Thai company CP All is earmarking 8-9 billion baht ($245-276 million) to expand 7-Eleven convenience chain.

The new investment will be used to open 600 new stores and maintain the existing ones.

The company said it is bullish about its outlook as its business is resilient to the ongoing civil turmoil in the country.

“Because we sell consumer products, especially food and beverages, we have not been affected by the political chaos, and our sales grew in the first two months of the year,” said Kriengchai Boonpoapichart, CP All’s head of finance and investor relations.

CP All, which is controlled by Thailand’s richest man Dhanin Chearavanont, expects sales to rise 10-15 per cent this year.