Solarvest placement earnings dilutive, to be offset by new projects

PETALING JAYA: Solarvest Holdings Bhd’s proposed private placement will be earnings dilutive but this could be offset with income from its new projects.

The renewable energy (RE) concern has proposed to raise RM56.7mil from the placement of 40.2 million new shares at an indicative price of RM1.41 a share, with the money set to be used for the capital expenditure required for its corporate green power programme (CGPP) as well as commercial and industrial (C&I) rooftop solar projects.