Mr. DIY Thailand formalises application to list on Thai bourse

The Thailand-domiciled holding company that operates home goods superbrand Mr. DIY in the Southeast Asian country has formalised its plan to become a publicly listed company. Mr. DIY Holding (Thailand) Public Company Ltd. has set the ball rolling for its market debut at the Stock Exchange of Thailand with the submission of its prospectus, which discloses plans of the company to sell up to a 16.31 per cent stake to the Thai public.

Mr. DIY Thailand and MDIH (Singapore) Pte Ltd. are the main offerors for the share sale, with the former selling down 1.88 per cent of its holdings to keep a 25.09 per cent interest after the exercise and the latter reducing its stake in the company to 5.85 per cent after the offering, from 16.32 per cent currently. 

The Tan Yuh Yeh Group, which currently holds 14.5 per cent of the firm, will reduce its shareholdings to 13.49 per cent after the sale, while the…