Solarvest's public offer oversubscribed more than 35 times

From left are Chin Group Bhd executive director and CFO Lee Hai Peng; Solarvest managing director Lim Chin Siu; M&A Securities Sdn Bhd managing director of corporate finance Datuk Bill Tan; Chin Hin Group deputy group executive chairman Datuk Seri Chiau Beng Teik; Solarvest executive director Edmund Tan Chyi Boon and its group CEO Davis Chong Chun Shiong.

KUALA LUMPUR: Solar photovoltaic (PV) system company Solarvest Holdings Bhd's offer of 19.53 million new shares to the public at 35 sen per share was oversubscribed by 35.27 times.

The company said on Thursday there were 10,205 applications for 708.31 million new shares with a value of RM247.91mil from the public.