News Formal

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

  • 📰 malaymail
  • ⏱ Reading Time:
  • 15 sec. here
  • 5 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 86%

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.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in CA

Canada Canada Latest News, Canada Canada Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

99 Speed Mart signs retail underwriting agreement for Main Market IPOVideo-game voice actors will go on strike starting at 12:01am Friday after failing to come to an agreement over the use of artificial intelligence in the industry.
Source: staronline - 🏆 4. / 75 Read more »