PETALING JAYA: Solar District Cooling Group Bhd aims to raise RM45.09mil from its initial public offering (IPO) en route to a listing on Bursa Malaysia’s ACE Market on Sept 19.
The IPO represents a significant milestone in the company’s growth and was expected to allow the group to expand its operations and strengthen its market position in building-management systems (BMS), solar-thermal systems and energy-saving services.
Managing director Edison Kong said the group is looking forward to embracing new opportunities and setting new standards in its business with the IPO.
The IPO involves the issuance of 118.67 million shares at a price of 38 sen per share. The market capitalisation of the company upon listing will be RM161.05mil. — Bernama
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