A shopper wears a face mask inside the Mr DIY outlet located in Sunway Putra Mall, Kuala Lumpur May 9, 2020. — Picture by Yusof Mat Isa
The largest IPO for 2020 was set at RM1.60 per share, chief executive officer Adrian Ong told a virtual press conference following the prospectus launch in Petaling Jaya today. For the first half year ended June 30 this year, the company sales stood at RM1.025 billion compared to RM1.088 billion in the same period of 2019.The largest home improvement retailer in Malaysia, with an estimated market share of 29.1 per cent in 2019, aims to increase the number of stores to 981 by 2021 from 674 at present.
The retail offering comprises 161.53 million shares, of which 125.53 million shares will be available for application by the Malaysian public and 36 million shares are reserved for application by directors, employees and persons who have contributed to the success of the group.