PETALING JAYA: Gold Li Holdings Bhd, a property developer specialising in landed residential developments and in-house construction services, commenced its journey as a publicly traded entity on the ACE Market of Bursa Malaysia Securities today.
The group’s shares opened at 12 sen, reflecting a stable entry into the capital market. The counter closed at 10.5 sen.
Since 1999, Gold Li has established itself as a developer with a strong regional footprint in the Muar, Tangkak and Batu Pahat districts of Johor. The group is primarily engaged in the creation of quality landed homes, including terrace, semi-detached, and detached houses.
As of early 2026, Gold Li has completed 110 projects, with 13 ongoing projects, 28 future projects and 29 parcels of land for future development.
Through its initial public offering (IPO), Gold Li raised RM15.21 million in gross proceeds from the issuance of 117 million new ordinary shares. The capital will be deployed as RM11.21 million for working capital to supplement property development costs for identified ongoing and future projects, including building and infrastructure works; and RM4 million to meet the estimated expenses incidental to the listing.
In line with evolving market demand, Gold Li plans to expand its property portfolio beyond landed residential properties with its first high-rise residential development in Muar, targeted to begin in the first half of 2027 with an estimated gross development value (GDV) of RM322.7 million.
Supported by a total estimated pipeline GDV of RM854.9 million across its ongoing and future projects, the group remains focused on delivering sustainable long-term growth through disciplined project execution, strategic landbanking and market-driven product offerings.
Managing director Datuk Lee Tiau Huat said, “Today’s debut on the ACE Market marks the pinnacle of a 27-year journey that began with a single vision in Muar. This listing provides the robust financial platform needed to unlock the value of our 47.3-acre landbank and execute our planned entry into the high-rise residential market by 2027. We remain focused on our core mission of providing high-standard landed homes while striving to generate consistent value for our new shareholders.”
M&A Securities Sdn. Bhd. is the principal adviser, sponsor, underwriter and placement agent for the IPO.
