KUALA LUMPUR (June 2): MR DIY Group (M) Bhd’s substantial shareholder Creador has disposed of 86.65 million shares in the home improvement retailer. Following the disposal, which took place on May 31, the private equity fund is left with 540.83 million shares or an 8.61% stake in MR DIY, according to the group’s filing with Bursa Malaysia on Thursday (June 2). In a separate filing, MR DIY notified that Creador chief executive officer Brahmal Vasudevan acquired 500,000 shares in MR DIY on June 2 for a cash consideration of RM1.61 million. Following the acquisition, he now has a total of three million shares or a 0.05% stake in MR DIY. MR DIY shares were trading one sen or 0.31% lower at RM3.21 at 3.20pm on Thursday, giving the group a market capitalisation of RM20.17 billion.
