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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. ....
Supermax, Wegmans, Straits Inter Logistics, Supercomnet, FGV, Cheetah, XOX, Lambo, Seacera, Vsolar theedgemarkets.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theedgemarkets.com Daily Mail and Mail on Sunday newspapers.
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. ....