Mr DIY Indonesian business plans IPO to raise up to US$297mil

Quick Summary:

THE Indonesian sister company of Mr DIY Group (M) Bhd.will list shares in Jakarta through an initial public offering that seeks to raise as much as 4.7 trillion rupiah ($297 million), in what would be the nation’s biggest listing in more than a year.

Mr DIY Group’s IPO raised about $363 million in Malaysia in 2020.

It plans to use about 60% of proceeds to pay debt and the rest to open new stores and fund working capital.

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Article Details

Category: EconomyBusiness

Markets: MalaysiaIndonesiaSingaporeThailand

Topics: Corporate News /Business/Business News Mr DIY IPO

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-11-25 @ 14:21:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 318 words

Reading Time: 2 minutes read

Sentences: 15 lines

Sentence Length: 22 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 23816517

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