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KK Supermart eyes RM3bil valuation for IPO
['Lee Min Keong']
Headlines | Latest | Malaysia | Top Stories | Local News
The company founded by Chai Kee Kan (KK Chai) operates more than 900 outlets in the country, and in India and Nepal.
KK Supermart is the country’s second largest minimarket chain operator after 99 Speed Mart Retail Holdings Bhd.
However, the estimated RM3 billion valuation for KK Supermart would pale in comparison to 99 Speed Mart’s current market capitalisation of RM33.6 billion.
KK Mart was boycotted by many patrons and the company along with Chai and Loh were also charged in court.
Chai will undoubtedly be hoping that KK Supermart post-listing will scale similar heights attained by its peer 99 Speed Mart.