99 Speedmart

Last updated
99 Speed Mart Sdn Bhd
99 Speedmart
Type Private limited company
IndustryRetail: grocery stores, Mini-markets
Founded1987;36 years ago (1987) in Klang, Selangor, Malaysia
Headquarters,
Malaysia
Number of locations
2063+ (2022)
Area served
Malaysia
Key people
Lee Thiam Wah (Founder, MD)
Website www.99speedmart.com.my
Founded in 1987 as a sundry mart under the name of Pasar Raya Hiap Hoe (Tepi Sungai, Klang) Hiap hoe.jpg
Founded in 1987 as a sundry mart under the name of Pasar Raya Hiap Hoe (Tepi Sungai, Klang)

99 Speedmart is a Malaysian chain of convenience stores and is one of the largest mini market chain in the country, before KK Super Mart. Colloquially referred to as 99 by locals. It was founded by Lee Thiam Wah in 1987 as a traditional sundry store in Klang, Selangor. After the rebranding of 99 Market to 99 Speedmart in 2000, the company expanded with a new store opening at Batu Belah, Klang. Since its inception, 99 Speedmart has evolved from a single mini market to the largest mini market retail chain in Malaysia.

On 14 December 2019, it launched its first store in Singapore at 110 Sims Avenue. The milestone marks 99 Speedmart's first international expansion. [2] However, it was promptly closed down on 31 May 2020. [3]

As of 22 November 2020, 99 Speedmart has more than 1,750 outlets. A significant majority of them are located in the west coast of Peninsular Malaysia with a growing presence in Sabah and Sarawak. [4] [5]

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References

  1. "99 Speedmart About Us". www.99speedmart.com.my. Archived from the original on 2019-09-03. Retrieved 2021-09-11.
  2. "99 Speedmart & Our History". www.99speedmart.com.my. Archived from the original on 2019-09-03. Retrieved 2021-09-11.
  3. Hong, Tan Heng (2020-05-15). "99 Speedmart pulls out of Singapore". Mini Me Insights. Retrieved 2023-06-10.
  4. "99 Speedmart". www.99speedmart.com.my.
  5. Makhijani, Akansha (5 July 2019). "The Man Behind 99 Speedmart - Good News %". Archived from the original on 27 February 2021. Retrieved 27 June 2020.