Malaysian mini-market chain offering groceries, household essentials, beverages and personal-care products through a nationwide retail network, with pilot operations in China.
Company Overview
99 Speedmart Retail Holdings Berhad operates a neighbourhood mini-market and grocery retail chain focused on everyday consumer necessities. Its stores sell groceries, beverages, household products and personal-care items, supported by an extensive distribution and logistics network. The Group also operates 99 Bulksales for online bulk purchases and Speedpoint payment services. Its core market is Malaysia, where it operates more than 3,000 outlets, while it began international expansion with pilot stores in Fuzhou, China, in 2025.
Products & Services
- Mini-market retail
- Groceries and food products
- Beverages
- Household products
- Personal-care products
- 99 Bulksales online bulk purchasing
- Speedpoint bill-payment, reload and payment services
Target Market
Primarily Malaysian households and consumers purchasing everyday necessities, with additional retail, SME and enterprise customers served through the company’s bulk-sales platform.
Company Size
More than 23,000 employees; more than 3,000 outlets across Malaysia and China; 22 distribution centres reported for FY2025.
Leadership
- Lee Thiam Wah — Executive Director & CEO
- Dato’ Chua Tia Guan — Non-Independent Non-Executive Chairman
- Yong Eng Kwang — Chief Operating Officer
- Ong Yee Peng — Chief Financial Officer
- Lee Lay Liang — Executive Director
Key Highlights
- Founded from a single Klang grocery store in 1987.
- Reached 3,000 Malaysian outlets in November 2025.
- Entered China with pilot outlets in Fuzhou in August 2025.
- Listed on Bursa Malaysia Main Market in September 2024 under 99SMART (5326).
- Generated RM11.433 billion revenue and RM607.3 million profit after tax in FY2025.
Recent Developments
- Reported RM6.144 billion revenue for the first half of FY2026.
- Partnered with Midea in August 2026 to expand home-appliance availability.
- Partnered with Alliance Bank in June 2026 on instalment financing for SME bulk purchases.
- Appointed Dato’ Sivananthan A/L Shanmugam as an Independent Non-Executive Director in July 2026.
- Continued expansion of its retail network in Malaysia and development of its China pilot operation.
