Hypermarket operator Mydin heading towards listing


Mydin Mohamed Holdings Bhd managing director Datuk Ameer Ali Mydin.

PETALING JAYA: Hypermarket operator Mydin Mohamed Holdings Bhd will seek a listing on the local bourse once its revenue has hit a “respectable level” of at least RM4bil, according to managing director Datuk Ameer Ali Mydin.

“We generate an annual revenue of RM2.6bil currently. Yes, we could list on the main board now but I still don’t think it (the revenue) is big enough yet. We want to grow it to between RM4bil and RM5bil a year. I think that’s a respectable size,” he told StarBiz.

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