Discount Retail Chain’s IPO Could Turn Founder Into Malaysia’s Newest Billionaire

Discount Retail Chain’s IPO Could Turn Founder Into Malaysia’s Newest Billionaire

With the maiden share sale valuing Eco-Shop at $1.6 billion, cofounder and managing director Lee Kar Whatt, 52, will become a billionaire with an estimated net worth of $1.1 billion.

Discount Chain Eco-Shop Seeks $97 Million in Malaysia IPO

Malaysian discount retail chain Eco-Shop Marketing Sdn Bhd plans to raise 419 million ringgit ($96.7 million) in what will be Malaysia’s biggest market debut in eight months.

Discount chain Eco-Shop seeks RM419 million in Malaysia IPO

Malaysian discount retail chain Eco-Shop Marketing plans to raise RM419 million (S$127 million) in what will be Malaysia’s biggest market debut in eight months.

Eco-Shop Unveils IPO Prospectus

Subscribe to our FREE Newsletter, or Telegram and WhatsApp channels for the latest stories and updates. ECO-SHOP MARKETING BERHAD (“Eco-Shop” or the “Company”), the leading player in Malaysia’s dollar store retail sector has officially launched its initial public offering (“IPO”) prospectus today, in conjunction with its listing on the Main Market of Bursa Malaysia Securities Berhad, which is set for 23 May 2025. The Joint Bookrunners secured 10…