Datuk Millan Lee (李圣杰), Managing Director, Milolo Berhad
14 April 2026, 1:30pm
KUALA LUMPUR - Homegrown designer toy company Milolo Berhad ("Milolo") has obtained approval for the listing of its ordinary shares (“Shares”) by way of introduction on the LEAP Market of Bursa Malaysia Securities Berhad ("Bursa Securities"), setting the stage for its next phase of growth. DWA Advisory Sdn Bhd was appointed as the Approved Adviser and Continuing Adviser for the listing.
Bursa Securities via its letter dated 13 April 2026, has approved the admission to the Official List and the listing of and quotation for the entire issued share capital of Milolo comprising 250,000,000 Shares on the LEAP Market of Bursa Securities.
Based on its listing reference price of RM0.10, Milolo is set to have a market capitalisation of RM25.00 million upon its listing on the LEAP Market.
Ahead of its proposed listing, Milolo had raised RM3.50 million through two private share subscription exercises that took place in February 2026. The exercises involved the issuance of 45.00 million Shares and 25.00 million Shares to independent private investors representing 18.00% and 10.00%, respectively of the Company’s enlarged share capital.
Milolo's outlet at Central i-City in Shah Alam, Selangor.
Milolo plans to utilise 42.86% of proceeds from these exercises to establish new retail outlets in well-established shopping malls located in Klang Valley, Negeri Sembilan, and Penang, enhancing its market presence and brand visibility. 28.57% of proceeds have been earmarked to grow and promote Milolo's proprietary intellectual property (“IP”) portfolio, while the remaining 28.57% will be used to defray listing expenses.
Milolo is principally involved in the sale of toys and collectibles, including blind boxes, designer toys, collectible figures and lifestyle products. The Group has a diverse product portfolio comprising both products marketed under its proprietary Milolo brand and products sourced from established third-party brands, including Pop Mart, Top Toy, and Funism.
Milolo has an expanding retail network across major shopping malls in Malaysia, including Pavilion Bukit Jalil, Mid Valley Megamall, and Sunway Pyramid. In 2026, the Group expanded its retail presence through the opening of outlets in Central i-City Shopping Centre, Shah Alam, as well as beyond the Klang Valley in Mahkota Parade, Melaka. In total, the Group has 10 retail outlets located across Peninsular Malaysia.
Milolo's “Why So Malaysia!”, a pop toy series inspired by Malaysia’s unique culture and lifestyle.
Datuk Millan Lee, Managing Director of Milolo, said:
"Today marks a milestone for Milolo, accelerating our vision for an integrated creative pop toy IP platform that encompasses retail, IP development, commercialisation and licensing.
We believe our growing portfolio of proprietary character IPs under the Milolo brand will unlock new opportunities for the Group through designer collectibles and retail, brand collaborations, entertainment and animation.
This will be catalysed by the expansion of Milolo's retail network throughout Malaysia and beyond, building our brand and market presence regionally.
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 improving our ability to pursue growth opportunities. We also view it as a key step towards our eventual listing on Bursa Securities’ higher-tier markets."
For the financial year ended 30 September 2025 ("FYE 2025"), Milolo recorded a 68.35% increase in revenue to RM11.33 million, driven by higher retail sales following the opening of four new retail outlets during the financial year. Driven by the increased revenue, the Group’s profit after tax surged to RM1.82 million in FYE 2025 from RM0.09 million in the previous financial year.
Web Edited by YAN PHENG LIANG
yanphengliang@suketv.com