99 Speedmart opens first outlet in China


KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd has confirmed the opening of its first store in China, located in Fuzhou, Fujian Province, on Aug 31.

In a filing with Bursa Malaysia today, the company affirmed the media reports published in local newspapers regarding its overseas expansion.

It said prototype outlets would also be set up in Fuzhou, with plans for gradual expansion in the city.

"The establishment of the store is not expected to have a material impact on the group’s earnings or net assets for the financial year ending Dec 31, 2025,” the company said. - Bernama 

Follow us on our official WhatsApp channel for breaking news alerts and key updates!
99 Speed Mart , China , Fuzhou , expansion ,

Next In Business News

Trading ideas: LFE, Maybank, EI power, Micro MSC, Enra, Public Bank, Parkson, SSF, Pimpinan Ehsan, KLK, AZRB, GB Bond, Scientex
S&P 500 falls as oil tops US$100 per barrel
EI Power plans RM17.2mil Selangor buy
Retail sales momentum expected to pick up in 3Q
Parkson renews China tenancy for RM111mil
Swift Energy backed by RM173mil order book
Wan Zakariah redesignated as AZRB chairman
LFE bags three contracts worth RM23.87mil
Scientex FY26 earnings rise to RM620.17mil
Tech sector’s earnings upcycle set to extend into 2H

Others Also Read