KUALA LUMPUR: Renewable energy (RE) solutions provider Samaiden Group Bhd, slated for listing on the Ace Market on Oct 15, aims to raise RM29.35mil from its initial public offering (IPO).
Group managing director Chow Pui Hee said 24%, or RM7mil, of the IPO proceeds would be used to buy the company’s new corporate office with storage facilities for solar photovoltaic (PV) modules and related equipment and parts to support its business growth.
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