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99 Speed March, one Malaysia The largest comfort shop chains are one of the newest companies Southeast Asia 5002024 IPO to debut after Malaysia’s largest in seven years.
99 speeds of $ 2.2 billion in income, March 158, produced enough sales for land in places 158 FortuneRanking of the largest Southeast Asian companies with income. The company currently has 2.833 and 20 distribution centers across the country and plans to reach 3,000 by the end of the year.
However, the story of 99 Speed March is a story about his founder Lee Thiam Wah, because this is due to the growth of the convenience store chain.
Lee closed poliomieli at a young age and later lost their feet. It was a wheelchair for the most part of his life. “No one hired me for my physical limitations,” he said tell Forbes In an interview with 2010. In this interview, the father’s grandfather recommended: “If you don’t work too much, why?”
KG Krishnan-Bloomberg through Getty Images
Lee’s retailer’s career began when he started selling a stall snack on the side of the road. He then opened the first mini market in 1987 as the sole property, then established ninety-nine market in 1992. Until 1998, there were 8,000 market networks, and two years later 99 speeds up the March.
Now 99 speeds are the largest mini-market player in Malaysia, according to March, IPO Avenue. 99 Speed March is 40% of the market for global contest as 7-00, and the chain also has a share of 11% of the food market.
The company won 532 million dollars on the largest IPO in September, Malaysia in Seven years. List Lee is one of the richest people in a billionaire and Malaysia Lee.
99 Speed March plans to use IPO to finance the global expansion of the United States. One interview After the list, Bloomberg and Lee were looking for “good opportunities” to go from outside, but still said “specific plans”. (99 Speed March, Covid Pandemic made a short way in Singapore before withdrawal).
In addition to being the CEO of March 99, Lee also operates franchising rights for Burger King in Malaysia and Singapore and Alliance Bank is the third largest shareholder in Malaysia.
Shares in March 99 in March September 9.57% since IPO. Benchmark FTSE Bursa Malaysia Klci index decreased by about 8% in the same period.
