KUALA LUMPUR: MR. D.I.Y. Group (M) Bhd, which is seeking to list on the Main Market of Bursa Malaysia Securities, had on Thursday signed an underwriting agreement with several banks for its IPO which comprises of 941.49 million new and existing shares.
The home improvement retailer said it had signed an underwriting agreement with CIMB Investment Bank, Maybank Investment Bank, RHB Investment Bank, AmInvestment Bank, Hong Leong Investment Bank and Kenanga Investment Bank.
CIMB Investment Bank, Maybank Investment Bank, RHB Investment Bank are the joint managing underwriters and joint underwriters. AmInvestment Bank, Hong Leong Investment Bank and Kenanga Investment Bank AmInvestment are the joint underwriters for this IPO exercise.
It said the institutional offering of 779.95 million IPO shares comprised of 470.74 million shares to approved Bumiputera investors and 309.21 million existing shares to Malaysian institutional and selected investors, foreign institutional and selected investors outside the US and qualified institutional buyers in the US.
As for its retail offering of 161.53 million IPO shares, they comprise of 36 million new shares to directors and employees and 125.53 million new shares to the Malaysian public.
https://www.thestar.com.my/business/business-news/2020/09/24/mr-diy-inks-underwriting-agreement-to-list-on-main-market
