KUALA LUMPUR: 99 Speed Mart Retail Holdings Bhd

’s shares rose in early trade today, after the company confirmed the opening of its first store in China, located in Fuzhou, Fujian Province, on Aug 31.

At 10.25 am, the counter gained four sen to RM2.54 with 1.64 million shares traded.

In a filing with Bursa Malaysia on Tuesday, 99 Speed Mart confirmed media reports published in local newspapers regarding its overseas expansion.

"The company will also set up prototype outlets in Fuzhou, with plans for gradual expansion in the city,” it added. - Bernama