Malaysian grocery chain eyes 3,000 stores after market debut

99 Speed Mart shares rise 14% in country's biggest IPO in 7 years

Lee Thiam Wah, founder of 99 Speed Mart Retail Holdings, speaks during a news conference on Sept. 9 as the company's shares made their public debut the same day. (Photo by Norman Goh)

HAKIMIE AMRIE and NORMAN GOH, Nikkei staff writers

September 9, 2024 12:59 JST

Updated on September 9, 2024 18:53 JST

KUALA LUMPUR -- Malaysian grocery chain 99 Speed Mart Retail Holdings plans to increase the number of stores it operates to 3,000 nationwide next year, after it made its debut on the local stock exchange on Monday in the country's largest initial public offering since 2017.