Gold Li Holdings Berhad has officially launched its prospectus today in conjunction with its upcoming Initial Public Offering on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO exercise comprises a public issue of 117.0 million new ordinary shares, representing 19.5% of the Group’s enlarged issued share capital of 600.0 million shares, and an offer for sale of 36.0 million existing shares, representing 6.0% of the enlarged issued share capital.
The IPO shares are priced at RM0.13 per share, raising gross proceeds of approximately RM15.21 million for the Group.
The group aims to use RM11.21 million from the proceeds for working capital to supplement property development costs for identified ongoing and future projects, including building and infrastructure works; and RM4.00 million to meet the estimated expenses incidental to the Listing.
M & A Securities Sdn. Bhd. is the Adviser, Sponsor, Underwriter, and Placement Agent for the IPO.
