Mini-Mart King Hits Billionaire Status in Malaysia’s Hot IPO Market
- 99 Speed Mart’s IPO raised $531 Million in Kuala Lumpur
- Firm’s founder Lee Thiam Wah worth about $3.3 billion
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Lee Thiam Wah’s first retail venture was selling snacks from a roadside stall in Malaysia. Several decades later, the entrepreneur has transformed that humble beginning into a sprawling retail empire of more than 2,600 convenience stores across the nation.
Today, the 60-year-old was minted as a billionaire after his company 99 Speed Mart Retail Holdings Bhd went public in Kuala Lumpur.