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.