Solarvest to raise RM34.6mil from IPO

From left are Solarvest chairman Datuk Che Halin Mohd Hashim; Senior Undersecretary (Sustainable Energy) of Ministry of Energy, Science, Technology, Environment and Climate Change Asdirhyme Abdul Rasib, managing director of corporate finance of M&A Securities Sdn Bhd Datuk Bill Tan; Chin Hin Group deputy group executive chairman Datuk Seri Chiau Beng Teik; Atlantic Blue Holdings Sdn Bhd director Tan Paw Boon; Solarvest group CEO Davis Chong Chun Shiong; Minister of Energy, Science, Technology, Environment and Climate Change Yeo Bee Yin and Solarvest managing director Lim Chin Siu.

KUALA LUMPUR: Solar photovoltaic system specialist, Solarvest Holdings Bhd plans to raise RM34.60mil from its initial public offering on the ACE Market of Bursa Malaysia Securities Bhd.

The company said on Monday it is offering 98.828 million new shares or 25.3% of its enlarged share capital at 35 sen a share.