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Mar 12, 2024 · March 12, 2024. On March 11, Malaysian mini mart chain 99 Speedmart filed an IPO prospectus draft on the Securities Commission (SC) Malaysia. A prospectus is a document that provides details about an investment offering that’s for sale to the public. In Malaysia, the SC is the sole regulatory authority for approving and registering prospectuses.
Oct 16, 2023 · TALK is swirling in retail circles that 99 Speed Mart Sdn Bhd, the home-grown operator of the 99 Speedmart grocery chain, is headed for a listing on Bursa Malaysia. The initial public offering (IPO) may take place in the second half of 2024, sources say.They say the retailer is looking to raise as much as RM1.5 billion from the IPO and that CIMB Investment Bank Bhd has been mandated to handle ...
Mar 12, 2024 · 99 SpeedMart即将上市 2025要拥3000家超市. (吉隆坡12日讯)知名连锁超市99 Speed Mart正式启动上市计划，其创办人李良华家族将释出17%股权。. 在这之前，市场便有消息指99 Speed Mart计划通过首次公开售股 (IPO)，上市集资15亿令吉。. 证券监督委员会 (SC)官方网站已经公布99 ...
Nov 12, 2021 · KUALA LUMPUR (Nov 12): The founder of the 99 Speedmart retail chain, Lee Thiam Wah, has emerged as the third biggest shareholder in retail technology solutions provider Radiant Globaltech Bhd (RGTech), with a 15.77% stake. RG Tech's bourse filing on Friday (Nov 12) showed that Lee initially acquired 73.78 million shares or a 15% stake in RGTech ...
May 13, 2021 · HAVING achieved a record performance in 2020, two established home-grown grocery retailers, 99 Speedmart and KK Super Mart, will step up expansion plans this year. 99 Speed Mart Sdn Bhd plans to open an average of 25 stores a month while KK Supermart & Superstore Sdn Bhd is planning on some 10 stores a month.
Mar 12, 2024 · The draft prospectus proposed a minimum public shareholding spread of 15% vs the usual 25% as required by Bursa Malaysia (another company that received a similar exemption - Mr DIY). 99 Speedmart is the nation’s largest mini-market player and leading grocery retailer, commanding a market share of 37.9% and 11.1% in 2022 and serving 940,000 ...
99 Speedmart is a Malaysian chain of convenience stores and is one of the largest mini market chain in the country, before KK Super Mart. Colloquially referred to as 99 by locals. It was founded by Lee Thiam Wah in 1987 as a traditional sundry store in Klang , Selangor .
