What we know so far: Muhammad Nidza Afham Mokhtar, the YouTuber found dead after he went for a jog and never came home
According to the prospectus, the IPO is priced at RM1.65 apiece and has attracted 14 cornerstone investors including Malaysia’s government-linked investment companies and asset managers, whose support covers 55 per cent of the IPO size. 99 Speed Mart is eyeing a geographical expansion of its outlets, with a target of 3,000 outlets in 2025 from the current 2,651 nationwide.
Lee said the retail chain launched “99 Bulksales” last year to tap into the retail and enterprise markets, allowing customers to purchase in bulk online.“We introduced the segment last year, targeting the central peninsular. We expanded it to the southern part of Malaysia and are consistently looking to expand the service, although we need to evaluate the logistics aspects,” he added.
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