99 Speed Mart inks IPO underwriting agreement

From left: RHB Investment Bank executive director, head, group capital market & advisory Jaimie Sia, 99 Speed Mart Retail Holdings non-independent non-executive chairman Datuk Chua Tia Guan, 99 Speed Mart executive director and chief executive officer Lee Thiam Wah, CIMB Investment Bank regional head, investment banking and deputy chief executive officer Nor Masliza Sulaiman and Affin Hwang Investment Bank chief executive officer Nurjesmi Mohd Nashir.

KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd (99 Holdings) has signed a retail underwriting agreement with CIMB Investment Bank Bhd, Affin Hwang Investment Bank Bhd and RHB Investment Bank Bhd in conjunction with its upcoming initial public offering (IPO).

99 Holdings is targeted to be listed on the Main Market of Bursa Malaysia in the third quarter of 2024.