Info IPO terhad kepada pelabur tertutup - 99 Speed Mart Retail Holdings Berhad

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PROSPECTUS EXPOSURE

Company Name :
99 Speed Mart Retail Holdings Berhad

Proposal Type and Board :
Initial Public Offering (“IPO”) on the MAIN Market

Principal Adviser(s) :
CIMB Investment Bank Berhad

Principal Activity :
99 Holdings is principally involved in investment holding and provision of management services. Through its subsidiaries, the group is involved in the retailing of daily necessities, mainly comprising fast-moving consumer goods via its network of mini-market outlets in Malaysia, as well as engages in exporting consumable merchandise and household products.

Shares to be issued/offered:
IPO of up to 1,428,000,000 ordinary shares in 99 Holdings ("IPO Shares'') in conjunction with the listing of and quotation for the entire enlarged issued ordinary shares in 99 Holdings ("Shares'') on the Main Market comprising an offer for sale of up to 1,028,000,000 existing shares ("Offer Shares'') and a public issue of 400,000,000 new shares ("Issue Shares'') involving:

i - Institutional offering of up to 1,218,000,000 IPO Shares to Malaysian institutional and selected investors, including Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia at the institutional price to be determined by way of bookbuilding ("Institutional Price''); and

ii - Retail offering of 210,000,000 Issue Shares to the directors and eligible employees of 99 Holdings and its subsidiaries ("99 Holdings Group" or "Group''), persons who have contributed to the success of the group and the Malaysian public at the retail price ("Retail Price''), payable in full upon application and subject to refund of the difference between the Retail Price and the Final Retail Price in the event that the Final Retail Price is less than the Retail Price;

Subject to the clawback and reallocation provisions and the over-allotment option.

The Final Retail Price will be equal to lower of:
(A) The Retail Price; or
(B) The Institutional Price.

Date of Exposure :
11 March 2024