99 speed Mart launches RM2.36bil IPO, Malaysia's largest in 7 years


KUALA LUMPUR: Malaysia's top mini-market chain retailer 99 speed Mart Retail Holdings on Thursday launched an initial public offering (IPO) that would raise RM2.36bil, the country's biggest IPO in seven years.

The company is offering up to 1.43 billion shares priced at RM1.65 apiece, according to its prospectus released Thursday, confirming an earlier report by Reuters on the listing.

Get 20% OFF The Star Digital Access

Monthly Plan

RM 13.90/month

RM 11.12/month

Billed as RM 11.12 for the 1st month, RM 13.90 thereafter.

Best Value

Annual Plan

RM 12.33/month

RM 9.87/month

Billed as RM 118.40 for the 1st year, RM 148 thereafter.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Ringgit opens mostly higher as GDP growth beats forecasts
FBM KLCI falls as foreign selling continues
Trading ideas: Public Bank, RHB, Genting, IOIPG, Zetrix, MNRB, Cape EMS, Cosmos, ISF, E&O, Turiya, Oasis Harvest
Oil slips as Trump's sanction waiver may lead to more Russian fuel supplies
Semiconductor sector poised for continued expansion
MCE Holdings strengthens overseas foothold via US contract win
McDonald’s Malaysia reinvents marketing
Has blockchain outgrown its ESG stigma?
SME green transition gets backing from Alliance
Ge-Shen stays ahead of the game

Others Also Read