# GB Bond launches IPO to expand industrial adhesive capacity and Vietnam presence

Penang-based GB Bond Holdings Berhad, a manufacturer of water-based industrial adhesives, launched an IPO on the ACE Market of Bursa Malaysia to raise RM16.08 million. Proceeds will expand manufacturing capacity in Penang by 35% and establish a local sales presence in Vietnam.

- Type: Expansion
- Announced: 2026-09-09
- Where: Penang, Malaysia
- Value: $3.60M (16.1M MYR)
- Status: announced
- Capacity: 35% capacity increase
- Products: water-based industrial adhesives, emulsion polymers, sealants
- Sectors: [Specialty Chemicals](https://endata.com/sectors/specialty-chemicals.md)

## Companies

- [GB Bond Holdings Berhad](https://endata.com/companies/94003.md)

## Sources

- [junipersjournal.com](https://www.junipersjournal.com/gb-bond-launches-rm16-08-million-ace-market-ipo-to-expand-industrial-adhesive-capacity-by-35-and-accelerate-vietnam-expansion/), 2026-09-09: "We will expand our manufacturing capacity in Penang, invest further in our product formulation capabilities and establish a local sales presence in Vietnam."

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.