Johor-based property developer Gold Li Holdings Bhd made a weaker debut on Bursa Malaysia’s ACE Market today, falling below its IPO price shortly after trading began.
Deeper Explanation:
The company was listed at an IPO price of 13 sen per share but opened at 12 sen before declining further to 11 sen in early trading.
Key IPO details include:
- RM15.21 million raised through issuance of 117 million shares
- RM11.21 million allocated for working capital and property development activities
- RM4 million allocated for listing-related expenses
Gold Li plans to strengthen its market presence in Johor through:
- Expansion of landed residential developments
- Entry into high-rise residential property segment
- Development of a new high-rise project in Muar by 2027
- Utilisation of its 19-hectare landbank for future growth
The company’s future development pipeline carries an estimated gross development value (GDV) of approximately RM854.9 million.
One of Gold Li’s key advantages is its integrated business model:
- Own in-house construction division
- Better control over project quality and delivery timelines
- Improved cost management efficiency
- Strong regional presence in Muar, Tangkak, and Batu Pahat
Current Project Portfolio:
- 110 completed projects
- 13 ongoing developments
- 28 future projects planned
- 29 land parcels reserved for future development
Market & Investor Impact:
- Weak debut reflects cautious investor sentiment toward smaller-cap property stocks
- Rising construction and financing costs continue affecting property sector outlook
- Long-term growth potential still supported by Johor development demand
Source: https://www.nst.com.my/business/corporate/2026/05/1442108/gold-li-slips-ace-market-debut-down-77pct-ipo-price