Mr DIY Group, Malaysia’s biggest home improvement retailer, is considering postponing its planned initial public offering after the country’s equities market tumbled on political uncertainty, according to people familiar with the matter. The company will finalise a decision on the share sale plan as soon as this week, said the people, who asked not to be identified as the discussions are private. Mr DIY could still revive its share sale plan as deliberations are ongoing and if market conditions improve, the people said. A representative for Mr DIY didn’t immediately respond to requests for comment. Mr DIY, which opened its first store in Malaysia in 2005, runs more than 588 outlets across the country, according to its website.

Source: New Strait Times March 02, 2020 06:00 UTC