99 Speed Mart Retail Holdings Berhad (Malaysia)

The Company was incorporated in Malaysia under the Act on 15 May 2023 as a private limited company under the name of 99 Speed Mart Holdings Sdn Bhd. On 10 July 2023, the Company changed its name to 99 Speed Mart Retail Holdings Sdn Bhd and was subsequently converted into a public limited company on 29 January 2024 and assumed the current name of 99 Speed Mart Retail Holdings Berhad.
The Company was listed in Main Market of Bursa Malaysia on 9 September 2024.
1987 - Lee Thiam Wah set up his 1st traditional sundry shop named “Pasar Raya Hiap Hoe”.
1992 - Ninety Nine Market, a sole proprietor was set up by Lee Thiam Wah to operate a mini-market chain business which carried the name “Pasar Mini 99”.
2000 - 99 Speed Mart Sdn Bhd ( 99SM ) was incorporated and started operating under the trade name “99 Speedmart” with its first outlet open in Batu Belah, Klang, Selangor.
2002 - 1st head office and DC located at Jalan Kapar, Klang, Selangor was completed and commissioned in October 2002.
2003 - The company acquired the assets and assumed the liabilities of Ninety Nine Market from Lee Thiam Wah comprising 8 outlets and 1 small warehouse.
2008 - The company launched 100th outlet at Pinggiran Batu Caves, Selangor.
2013 - 99 Speed Mart (East Malaysia) Sdn Bhd ( 99EM ) was incorporated and its 1st outlet and DC were established in Kota Kinabalu, Sabah
2015 - The company commenced operations of new headquarters and DC in East Malaysia, located in Kota Kinabalu, Sabah, replacing the one we opened in 2013.
2016 - head office was relocated to a self-owned property known as Wisma 99 in Taman Berkeley, Klang, Selangor.
2017 - The company launched our 1,000th outlet at Shah Alam, Selangor
Sept 2023 - The company introduced “99 Bulksales” via online website www.99bulksales.my, to retail customers as well as enterprise customers.
Sept 2023 - Yiwu J-Jade Trading Co., Ltd was incorporated as an investment holding subsidiary in the PRC, to wholly-own another subsidiary, Yiwu Speed Mart Import and Export Co., Ltd which was also incorporated in the PRC in October 2023
Dec 2023 - 99SM and 99EM became wholly-owned subsidiaries of the Company in December 2023 pursuant to the completion of the 99SM and 99EM Share Sale Agreement.