99 Speed Mart, Malaysia's largest mini-market chain, filed a draft prospectus for a domestic IPO, planning to offer up to a 17% stake.
99 Speed Mart, Malaysia's largest mini-market chain retailer, filed a draft prospectus for a domestic initial public offering (IPO) on Monday. The company, founded in 1987, plans to offer up to a 17% stake, or 1.43 billion shares. The IPO proceeds will be used for expanding outlets, establishing distribution centers, purchasing delivery trucks, and repaying existing bank borrowings.
March 11, 2024
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