99 Speed Mart clarifies EPF acquired 0.07% stake, raising holding to 5.02%

PETALING JAYA: The Employees Provident Fund (EPF) has emerged as a substantial shareholder in 99 Speed Mart Retail Holdings Bhd after acquiring a 0.07% stake in the company. In an amended filing with Bursa Malaysia, the EPF clarified that it had acquired six million shares in the minimart chain operator on June 4 and not 421.79...

99 Speed Mart opens 12% higher on Main Market

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 (IPO) price of RM1.65. Listed under the retailers sub-sector of Bursa Malaysia’s consumer products and services sector, the convenience store operator...

99 Speed Mart reports higher 2Q24 revenue

PETALING JAYA: Main Market-bound 99 Speed Mart Retail Holdings Bhd reported a revenue of RM2.4bil for the second quarter ended June 31, 2024, reflecting a RM183.3mil or 8.2% year-on-year (y-o-y) increase, mainly attributed to higher sales led by the contribution from new outlets and positive impact from the bulk sales e-commerce platform. In a statement, the...