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Gold Li Eyes Over MYR15 Million Via IPO

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-- Gold Li (KLSE:GOLDLI) is seeking to raise 15.2 million ringgit via an IPO on the ACE Market of Bursa Malaysia, according to a Monday Malaysian bourse filing.

The property developer's IPO entails a public issue of 117 million new shares at 0.13 ringgit each, and an offer for sale of 36 million shares.

Proceeds will be used to boost working capital and to pay off expenses, it said.

The company's debut is scheduled for March 18.

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