Summary: Eco-Shop Marketing, a Malaysian dollar store chain, is set to complete its IPO, valuing the company at US$1.5 billion and making its founder, Lee Kar Whatt, a billionaire. The company’s growth, driven by demand for affordable goods, reflects the impact of inflation. Despite competition, Eco-Shop plans to expand, aiming to open 70 new stores annually for the next five years.

Link: https://www.businesstimes.com.sg/international/asean/dollar-store-billionaire-poised-emerge-malaysia-ipo