Mr DIY planning RM1.5bil IPO

Going public: Mr DIY employs more than 4,000 workers, with each of its store space encompassing an average of 10,000 sq ft.

PETALING JAYA: Mr DIY, Malaysia’s biggest home improvement retailer, is planning to launch an initial public offering (IPO) either in Malaysia or Hong Kong in the fourth quarter of this year, says Creador Sdn Bhd chief executive officer Brahmal Vasudevan.

Private equity firm Creador is an investor in Mr DIY, which emerged some three years ago. It owns an 18% stake in the company, while the remainder is held by the company’s founders.