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initial public offering (“ipo”) of up to 1,428,000,000 ordinary shares in 99 speed mart retail holdings berhad (“99 HOLDINGS” OR “COMPANY”) (“IPO SHARES”) IN CONJUNCTION WITH THE LISTING OF AND QUOTATION FOR THE ENTIRE
Aug 15, 2024 · prospectus: initial public offering ("ipo") of up to 1,428,000,000 ordinary shares in 99 speed mart retail holdings berhad ("99 holdings" or "company") ("ipo shares") in conjunction with the listing of and quotation for the entire enlarged issued ordinary shares in 99 holdings ("shares") on the main market of bursa malaysia securities berhad ...
KUALA LUMPUR: Mini-market chain operator 99 Speed Mart Retail Holdings Bhd has filed a draft prospectus for an initial public offering (IPO) on the Main Market of Bursa Malaysia as part of its plan to grow to 3,000 stores nationwide.
Aug 27, 2024 · 99 Speed Mart, which is set to be listed on Sep 9 on Bursa Malaysia’s Main Market, will be Malaysia's largest initial public offering (IPO) in 7 years. The group is expected to have a market capitalisation of RM13.86 billion based on an enlarged issued share capital of 8.4 billion shares and an IPO price of RM1.65, according to its prospectus.
We have a SUBSCRIBE recommendation on 99 Speed Mart Retail Holdings Bhd (99Speedmart) with an FV of RM1.99 based on 29x FY25F. EPS, translating to a 21% upside to the IPO price. Our target PE is pegged to the average valuation of large-cap consumer stocks listed on Bursa Malaysia.
Aug 19, 2024 · According to the Independent Market Research report, 99 Speed Mart Retail Holdings Group is the largest mini-market player and a leading groceries retailer, holding a market share of 40.1% and 11.6% respectively for the FYE2023 based on its revenue. Tags. Category. IPO.
Malaysian Issuing House Sdn Bhd (“MIH”) is pleased to announce that the retail offering for the IPO of 99 Holdings have been well received and is successfully oversubscribed by 3.04 times. The IPO of up to 1,428,000,000 IPO Shares involves:
