PETALING JAYA: Malaysia’s largest home-grown mini-market chain retailer 99 Speed Mart Retail Holdings Bhd made its debut on the Main Market today, opening at RM1.85 sen per share, 12.12% up from its initial public offering price of RM1.65.
The group intends to open about 250 new outlets annually, with a target to reach a total of about 3,000 outlets operating nationwide by the end of 2025. The remaining proceeds will be used for purchasing delivery trucks, upgrading facilities, covering listing expenses, and repaying bank borrowings.
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