99 Speedmart

Get Ready to Shop! 99 Speed Mart Goes Public with Exciting IPO Plans

Malaysia's favorite mini-market chain, 99 Speed Mart, is gearing up for a big move with their IPO filing. Exciting times ahead for investors and fans!

Malaysia's well-loved mini-market chain, 99 Speed Mart Retail Holdings Bhd, is making headlines with its recent filing of a draft prospectus for an initial public offering (IPO). The company is on a mission to expand its presence further by aiming to reach a whopping 3000 stores by the end of 2025. With this bold step towards going public, 99 Speed Mart is set to bring more convenience and quality products to its loyal customers.

The filing of the IPO draft prospectus marks a significant milestone for 99 Speed Mart, positioning it as Malaysia's largest mini-market chain retailer. This move not only signifies the company's growth but also presents a promising opportunity for investors to be part of its success story. As 99 Speed Mart unveils its IPO plans, the anticipation among shareholders and the market is palpable as they eagerly await the upcoming developments.

Founder of 99 Speed Mart, known for its wide range of products and competitive prices, is expected to release up to a 17% stake with the IPO launch. This strategic decision showcases the founder's confidence in the company's potential and opens doors for new opportunities in the retail industry. As the grocery chain operator gears up for its IPO on Bursa Malaysia's Main Market, the market landscape is bound to witness a shift with the entry of this retail giant.

In a move to enhance transparency and compliance, 99 Speed Mart is seeking to achieve a minimum public shareholding threshold with its IPO filing. This initiative reflects the company's commitment to governance and regulatory standards, setting a benchmark for corporate responsibility in the retail sector. As 99 Speed Mart paves the way for a new chapter in its business journey, the public can expect an exciting transformation in the mini-market industry.