<div class=newsTextDataWrapInner><p>KUALA LUMPUR (Oct 14): Mr DIY Group (M) Bhd's (KL:<a href="/askedge/klse/5296" class="ce-stock" target="_blank">MRDIY</a>) largest shareholder, Bee Family Ltd, offloaded 71.7 million shares, representing a 0.76% stake in the home improvement retailer, for a total of RM149.37 million.</p></div>

<div class=newsTextDataWrapInner><p>The transaction was carried out via a direct business deal on Monday, according to Mr DIY’s filing with the stock exchange.</p></div>

<div class=newsTextDataWrapInner><p>Following the disposal, Bee Family’s stake in Mr DIY was reduced to 50.11% from 50.87% previously.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>Bee Family is the investment vehicle of Mr DIY founder Tan Yu Yeh, who also holds 20 million direct shares, or a 0.21% stake in the group.</p></div>

<div class=newsTextDataWrapInner><p>Other substantial shareholders in Mr DIY include the Employees Provident Fund, with a 6.89% stake, and Creador, holding 4.91% through Hyptis Ltd, according to <i>Bloomberg</i> data.</p></div>

<div class=newsTextDataWrapInner><p>For the second quarter ended June 30, 2024 (2QFY2024), Mr DIY’s net profit rose 3.2% year-on-year (y-o-y) to RM155.21 million, while revenue increased 8.7% y-o-y to RM1.2 billion. For the six months ended June 30, the group posted a net profit of RM300.09 million on revenue of RM2.34 billion.</p></div>

<div class=newsTextDataWrapInner><p>At Monday’s closing bell, Mr DIY’s share price slipped 0.92% to RM2.16, down from its two-year high of RM2.18 last Friday, valuing the company at RM20.61 billion. Year-to-date, the stock has risen over 48%.</p></div>


Mr DIY Group (M) Bhd's (KL:MRDIY) largest shareholder, Bee Family Ltd, offloaded 71.7 million shares, representing a 0.76% stake in the home improvement retailer, for a total of RM149.37 million.

Bee Family offloads 71.7 mil shares in Mr DIY for RM149.37m 

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