PETALING JAYA: His Majesty, Sultan Ibrahim, King of Malaysia, has ordered the police to conduct a comprehensive investigation into criminal elements and child abuse in welfare homes allegedly linked to Global Ikhwan Service and Business Holding (GISB).
Malaysia’s mini-mart tycoon Lee Thiam Wah said he is open to taking the 99 Speed Mart convenience-store chain to other countries. His first priority though will be to reach every nook at home.
Convenience-store giant 7-Eleven is for now the closest competition with more than 2,400 stores in the Southeast Asian nation, followed by homegrown KK Super Mart, which has at least 861 outlets. Lee, who believes uniformity of the 99 Speed Mart stores to be the key to its success, said that the chain, after gaining scale, needed a more professional look. That’s what prompted him to moot the initial public offering in 2022 to unlock its next phase of growth.
99 Speed Mart Lee Thiam Wah Mini-Mart Billionaire IPO Burger King Cosmo Restaurants
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