In a groundbreaking move set to redefine Malaysia’s retail sector, 99 Speed Mart Retail Holdings Berhad (“99 Holdings”) announces its forthcoming Initial Public Offering (IPO) on the Main Market of Bursa Malaysia Securities Berhad. This IPO isn’t just about corporate growth; it’s an invitation for Malaysians to become stakeholders in their everyday shopping experience.
Fueling Expansion and Empowerment
With ambitions to add 250 new outlets annually and expand its network to 3,000 outlets by 2025, 99 Speed Mart’s IPO signifies both growth and an enriched shopping journey for consumers nationwide. This expansion promises increased employment opportunities, bolstered local economies, and sustained access to competitively priced products.
Amplifying Reach and Revenue
The IPO also presents a golden opportunity for both institutional and retail investors to engage with a company deeply rooted in Malaysia’s retail landscape. With a commanding market share and a track record of efficient distribution, investing in 99 Holdings offers a strategic means of diversifying investment portfolios with a stable yet promising stock. Its impressive Profit After Tax (PAT) figures underscore its financial robustness and potential for investors.
A People-Centric Approach
For over three decades, 99 Speed Mart has been more than just a retailer; it’s been an integral part of Malaysians’ daily lives. From its humble beginnings as a traditional sundry store in Klang, founded by Lee Thiam Wah, the brand has evolved into a household name with over 2,542 outlets nationwide. Its commitment to accessibility and affordability is encapsulated in its tagline, ‘Dekat Lagi Murah’ (Closer and Cheaper), resonating deeply with consumers.
Acknowledging Excellence
The brand’s dedication to quality and consumer satisfaction has been consistently recognised through various awards and accolades, including the Consumer Choice Award, Malaysia Fast-Moving Consumer Goods Retail Sales Winner, Kedai Harga Patut Award, and the Silver Award in the Retail Category.
READ MORE: 99 Speedmart Founder Is Now Alliance Bank Major Shareholder
Investing in Growth and Inclusivity
Participating in the 99 Holdings IPO isn’t just about financial gain; it represents a step towards inclusive investment opportunities and reflects the growing trend of financial literacy among Malaysians. The eIPO platform facilitates retail investors’ participation, democratizing access to investment avenues previously reserved for institutional players. Investing in 99 Holdings offers a unique blend of stability, growth potential, and community involvement—a compelling proposition for diversifying investment portfolios while contributing to local success stories.
