Solar District IPO oversubscribed by 144.08 times

Mercury Securities managing director Chew Sing Guan (left) and SDCG managing director Edison Kong.

PETALING JAYA: Solar District Cooling Group Bhd (SDCG), which is set to debut on the ACE Market on Sept 19, has seen its initial public offering (IPO) oversubscribed by 144.08 times.

The company received 31,678 applications for 3.07 billion new shares, valued at about RM1.17bil.