KUALA LUMPUR, May 12 — Gold Li Holdings Berhad has launched its prospectus for an upcoming IPO on Bursa Malaysia Securities Berhad’s ACE Market.

The exercise includes 117 million new shares priced at RM0.13, aiming to raise RM15.21 million primarily for working capital and listing expenses.

Managing Director Lee Tiau Huat said the listing marks a key milestone to support expansion in Johor’s residential sector.

The Group plans to fund ongoing and future projects while leveraging strong housing demand in districts like Muar, Tangkak and Batu Pahat for sustainable growth.