From left:1. Dato Wan Asmadi Wan Ahmad, Managing Principal, DWA Advisory Sdn Bhd2. Datuk Millan Lee (李圣杰), Managing Director & Founder, Milolo Berhad3. Datin Michelle Liew (廖敏信), Director and Head of Marketing, Milolo Berhad4. Keith Chong (张家玮), Independent Non-Executive Director, Milolo Berhad
05 May 2026, 11:00am
Target expansion throughout Malaysia
KUALA LUMPUR — Homegrown designer toy company Milolo Berhad ("Milolo") made its debut on the LEAP Market of Bursa Malaysia Securities Berhad ("Bursa Securities") today, trading under the ticker symbol "MILOLO" and the stock code "03072". The stock opened for trading at 12 sen, a 20% premium over its listing reference price of 10 sen. The listing marks a significant milestone for Milolo, strengthening its market presence and paving the way for future growth.
Datuk Millan Lee, Managing Director of Milolo Berhad, said:
“Today is a big day for Milolo as we begin our journey on Bursa Malaysia and step into our next chapter of growth as a listed company.
Our listing comes at a time of enormous momentum and opportunity for the pop toy industry. With our expanding retail presence and proprietary intellectual property (IP) portfolio, paired with access to capital markets, we are well-positioned to capitalise on growing demand for pop toys in Malaysia and beyond.
We plan to continue our retail expansion, opening up to 5 retail outlets in Peninsular Malaysia over the next two years. We are also looking to expand our footprint across Asia, focusing on Thailand, Singapore, Indonesia and China.
Besides raising our profile and visibility, our LEAP listing is a key step towards our eventual listing on Bursa Securities’ higher-tier markets, such as the ACE Market and eventually the Main Market.”
Datuk Millan Lee (李圣杰), Managing Director & Founder of Milolo Berhad, delivering his speech at the Company’s listing ceremony in Kuala Lumpur yesterday.
Ahead of its proposed listing, Milolo 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.
DWA Advisory Sdn Bhd was appointed as the Approved Adviser and Continuing Adviser for the listing.
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.
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, Milolo’s profit after tax surged to RM1.82 million in FYE 2025 from RM0.09 million in the previous financial year.
Milolo is principally involved in the sale of toys and collectibles, including blind boxes, designer toys, collectible figures, and lifestyle products. It 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 presence across major shopping malls in Malaysia, including 1 Utama Shopping Centre, Pavilion Bukit Jalil, Mid Valley Megamall and Sunway Pyramid. In total, Milolo has 10 retail outlets located across Peninsular Malaysia.
Web Edited by YAN PHENG LIANG
yanphengliang@suketv.com