Macrovalue co-owner Datuk Andrew Lim Tatt Keong said the group "will focus on value creation in the lead-up to the planned listing", which will potentially position it as one of the largest retail operators to go public locally.
Malaysian retail group Macrovalue, which owns the Cold Storage, Giant and Mercato operations in Malaysia, is targeting an initial public offering (IPO) on Bursa Malaysia within three years.
This follows its acquisition of all Cold Storage and Giant outlets in Singapore from DFI Retail Group (SGX:D01
) in March this year.
