KUALA LUMPUR: Milolo Bhd has obtained approval for the listing of its ordinary shares by way of introduction on the LEAP Market of Bursa Malaysia Securities Bhd, setting the stage for its next phase of growth.
Bursa Securities, via its letter dated April 13, 2026, has approved the admission to the Official List and the listing of and quotation for the entire issued share capital of Milolo, comprising 250 million shares.
The homegrown designer toy company said that based on its listing reference price of 10 sen, Milolo is expected to have a market capitalisation of RM25 million upon listing on the LEAP Market.
The company noted that ahead of its proposed listing, it also raised RM3.50 million through two private share subscription exercises in February 2026.
"The exercises involved the issuance of 45 million shares and 25 million shares to independent private investors, representing 18 per cent and 10 per cent, respectively, of the company's enlarged share capital.
"Milolo plans to utilise 42.86 per cent of the proceeds from these exercises to establish new retail outlets in well-established shopping malls located in the Klang Valley, Negeri Sembilan, and Penang, thereby enhancing its market presence and brand visibility," it said in a statement today.
Meanwhile, another 28.57 per cent of the proceeds have been earmarked to grow and promote Milolo's proprietary intellectual property (IP) portfolio, while the remaining 28.57 per cent will be used to defray listing expenses.
Its managing director Datuk Millan Lee said the group believes that its growing portfolio of proprietary character IPs under the Milolo brand will unlock new opportunities through designer collectibles and retail, as well as brand collaborations, entertainment and animation.
"Besides enhancing our group's profile and visibility, our proposed listing on Bursa Securities will enable us to tap the capital markets for future fund-raising activities and improve our ability to pursue growth opportunities.
"We also view it as a key step towards our eventual listing on Bursa Securities' higher-tier markets," he added.
Milolo is principally involved in the sale of toys and collectibles, including blind boxes, designer toys, collectible figures and lifestyle products, with a diverse product portfolio comprising both its proprietary Milolo brand and products sourced from established third-party brands such as Pop Mart, Top Toy and Funism.
DWA Advisory Sdn Bhd was appointed as the approved adviser and continuing adviser for the listing. - Bernama
