KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd confirmed it opened its first overseas store in Fuzhou, China, on Aug 31, The Edge Malaysia reported.
The company said it will also set up prototype outlets in the city, with plans for gradual expansion.
It added that the new operation is not expected to affect its earnings or net assets for the financial year ending Dec 31, 2025.
The mini mart operator, which listed on the Main Market last September, did not disclose the investment size of its China venture.
As of June, 99 Speed Mart operated 2,894 outlets in Malaysia, with shares closing at RM2.50 on Tuesday, giving the group a market value of RM21.17 billion.
The company said it will also set up prototype outlets in the city, with plans for gradual expansion.
It added that the new operation is not expected to affect its earnings or net assets for the financial year ending Dec 31, 2025.
The mini mart operator, which listed on the Main Market last September, did not disclose the investment size of its China venture.
As of June, 99 Speed Mart operated 2,894 outlets in Malaysia, with shares closing at RM2.50 on Tuesday, giving the group a market value of RM21.17 billion.
