Malaysian bedroom furniture maker plans Catalist IPO

Singapore

MALAYSIAN bedroom furniture exporter LY Corp is planning an initial public offering (IPO) on the Catalist board, which will be done through a placement of new shares and vendor shares.

LY Corp designs and manufactures wooden bedroom furniture that is typically rebranded by overseas dealers for sale outside Malaysia. It is controlled by Lian Yu Holdings. The business was founded in Johor in 1976.