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Malaysia’s largest home-improvement retailer seeks $361m in IPO

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KUALA LUMPUR — Home-improvement store operator Mr DIY Group of Malaysia opened its initial public offering for bids, aiming to raise 1.5 billion ringgit ($360.6 million) in what would be the country’s largest stock market listing since 2017.

The company on Tuesday unveiled its prospectus, an important step to listing on the main board of Kuala Lumpur’s stock exchange, known as Bursa Malaysia. Mr DIY’s first two attempts at listing — late last year and the first half of 2020 — were shelved amid the coronavirus pandemic.

The offering would give the company a market capitalization of 10 billion ringgit post-IPO, CEO Adrian Ong said at an online news conference after the prospectus was released.

Mr DIY is targeting a retail price of 1.60 ringgit a share, with the institutional offering consisting of 779.95 million shares and 161.53 million shares allocated for the retail offering.

“We today have a 29%

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Somany Ceramics – India’s Largest Wall & Floor Tile Collection

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Select Tile Size

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Interior Plans Largest Hunting Expansion After Virus Over

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The Interior Department is proposing to let hunters and anglers kill more migratory birds and other animals in wildlife refuges—an opportunity to “celebrate” victory over the coronavirus pandemic in the fall, Interior officials said Wednesday.

Interior Secretary David Bernhardt said that the U.S. Fish and Wildlife Service plans to open for expanded hunting and fishing 2.3 million acres of federal land within 97 national wildlife refuges and 9 fish hatcheries.

The move, which Interior says it the largest single expansion in FWS history, is part of a rulemaking updating hunting and sport fishing regulations for national wildlife refuges for the 2020-2021 hunting season.

“Once the Trump Administration’s effort to eliminate the threat of COVID-19 has been successful, there will be no better way to celebrate than to get out and enjoy increased access for hunting and fishing on our public lands,” Fish and Wildlife Service chief Aurelia Skipwith said in

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