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Clothes maker Cheetah sprints to record high on digital shopping platform venture

KUALA LUMPUR (March 15): Shares of Cheetah Holdings Bhd surged to a record high of RM1.97 at noon break today, after it had announced a collaboration with two other listed companies XOX Bhd and Lambo Group Bhd to launch a digital shopping platform. As at 12.30pm, Cheetah’s share price rose by 23.9% or 38 sen to RM1.97, with some 28.43 million shares traded. It has a current market capitalisation of RM251.41 million. This counter rocketed by 286% from 51 sen at the beginning of this year. Notably, shares of Cheetah had never gone beyond RM1 up until early February of this year. Over the past five weeks since XOX had purchased a 29.3% stake in Cheetah back on Feb 8 Cheetah itself has gained some RM122 million worth of market cap.

Kuala lumpurLambo groupLambo group bhdCheetah onlineCheetah holdings bhdBursa malaysiaCheetah online storeகுவாலா லம்பூர்லம்போ குழுலம்போ குழு ப்ட்சிறுத்தை நிகழ்நிலைசிறுத்தை ஹோல்டிங்ஸ் ப்ட்சிறுத்தை நிகழ்நிலை கடை

Supermax, Wegmans, Straits Inter Logistics, Supercomnet, FGV, Cheetah, XOX, Lambo, Seacera, Vsolar

Supermax, Wegmans, Straits Inter Logistics, Supercomnet, FGV, Cheetah, XOX, Lambo, Seacera, Vsolar
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Kuala lumpurUnited statesCity ofUnited kingdomSdn bhdSzczepaniak astridgeLand development authorityWegmans holdings bhdVizione holdings bhdSeacera group bhdLambo group bhdCheetah onlineVsolar group bhdCheetah holdings bhdHoldings bhdSupermax corp bhd

Cheetah, XOX, Lambo Group in tripartite collaboration for online shopping venture

Cheetah, XOX, Lambo Group in tripartite collaboration for online shopping venture 12 Mar 2021 / 17:05 H. PETALING JAYA: Cheetah Holdings Bhd, XOX Bhd and Lambo Group Bhd today entered into a tripartite collaboration for a new, full suite and automated Cheetah Online Store, slated to be launched by next quarter. Cheetah, with over 1,000 stock-keeping units spanning across four major brand silos and sub brands, is moving to emulate other apparel brands to begin grabbing the online apparel market share, which is expected to hit over RM4.5 billion in 2021. Statistic expects the user penetration to exceed 30% by 2021. Online shopping for clothes have become increasingly popular as shopping malls and standalone outlets succumb to lower foot traffic and Covid-19 pandemic scares.

Malaysia generalKok hengLambo group bhdCheetah onlineCheetah holdings bhdCheetah online storeமலேசியா ஜநரல்கோக் ஹெங்லம்போ குழு ப்ட்சிறுத்தை நிகழ்நிலைசிறுத்தை ஹோல்டிங்ஸ் ப்ட்சிறுத்தை நிகழ்நிலை கடை