iFAST is bidding with Koperasi Tentera, THZ Alliance and Mr Lee Thiam Wah, founder and major shareholder of 99 Speed Mart for one of the five Malaysia digital bank licences. The iFAST-led consortium will be known as iFAST Bank with iFAST owning a 40% stake in the digital bank. From iFAST. “The Malaysian consortium partners are Koperasi Angkatan Tentera Malaysia Berhad (“Koperasi Tentera”), THZ Alliance Sdn. Bhd (“THZ Alliance”), and Mr Lee Thiam Wah, founder and major shareholder of 99 Speed Mart Sdn. Bhd (“99 Speedmart”). Koperasi Tentera is one of the largest and most successful credit co-operative in Malaysia and has recently embarked on a transformative journey to become a co-operative bank. THZ Alliance is a private investment holding company founded by Y.M Tengku Dato’ Dr. Hishammuddin Zaizi bin Y.A.M Tengku Azman Shah Alhaj. 99 Speedmart is Malaysia’s homegrown grocery chain boasting an expansive network of over 1,900 retail...
