‘We are opportunistic’: After stellar IPO, 99 Speed Mart says may expand into Southeast Asia

KUALA LUMPUR, Sept 9 — Newly-listed 99 Speed Mart Retail Holdings Bhd does not rule out expanding into Southeast Asia if the opportunity arises, according to its alternate director Albert Lee. Lee said the retailer would consider any promising collaboration opportunities. “We are opportunistic.

We have no firm plans yet, but if an opportunity arises, we would look at it. “If a good opportunity for collaboration comes up, we might consider it,” he told reporters after 99 Speed Mart’s debut on Bursa Malaysia’s Main Market today. The counter, trading under the stock name 99SMART, made a stellar debut, rising 12.



12 per cent to RM1.85, up from its initial public offering (IPO) price of RM1.65, with 53.

82 million shares traded. — Bernama MORE TO COME.