Malaysian Duo Sets Local Retailer Up for $500M IPO

Malaysia’s mini-market franchise retailer 99 Speed Mart Retail Holdings has hired a boutique law firm Lee Choon Wan & Co for legal advice on what could be Malaysia’s largest initial public offering (IPO) this year.

According to news reports, the company could raise as much as $510 million via an inaugural listing on the Malaysian bourse in September.

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