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99 Speed Mart eyes Sept market debut as Malaysia’s biggest IPO in seven years, sources say

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99 Speedmart News

IPO,Listing,Bursa Malaysia

SINGAPORE, July 30 — Malaysia’s top mini-market chain retailer 99 Speed Mart Retail Holdings aims to make its market debut on September 9 after raising US$509 million (RM2.36...

A 99 Speedmart worker serves customers in Klang. At RM2.36 billion, 99 Speed Mart’s IPO would be Malaysia’s largest since South Korea’s Lotte Chemical Titan Holding’s, opens new tab listing in 2017.

The initial public offering comprises up to 1.03 billion existing shares and 400 million new shares, the prospectus showed. The offering will also be South-east Asia’s biggest IPO in over one year since Amman Mineral Internasional’s listing in Indonesia in July last year, the data showed.

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