PETALING JAYA: Solar District Cooling Group Bhd, which will debut on the ACE Market today, has bagged two contracts worth a total of RM8.13mil to undertake works for Avisena Healthcare Sdn Bhd’s 11-storey hospital in Section 14, Shah Alam
In a filing with Bursa Malaysia, the group said its wholly-owned subsidiary, Solar District Cooling Sdn Bhd had accepted two letters of award from Mitrajaya Construction Sdn Bhd for the sub-contract works.Mitrajaya Construction is the wholly-owned unit of the Main Market-listed Mitrajaya Holdings Bhd
.
The first contract covers the supply, delivery, installation, testing, commissioning and maintenance of the Building Automation System.
Meanwhile, the second contract covers the supply, delivery, installation, testing, commissioning and maintenance of extra low voltage (ELV) and information communications technology (ICT).
The sub-contract works are expected to be completed in May 2027.
Managing director Edison Kong said the group has built a 13-year relationship with Mitrajaya Construction.
“We are committed to continuing this partnership by delivering high-quality BAS as well as ELV and ICT services for this important project.
“In addition to these projects, we offer a range of services including solar thermal systems and energy saving services solutions across industries like healthcare, hospitality, and industrial.”
“The proceeds from our upcoming initial public offering (IPO), expected to raise RM45.09mil, will be used to expand our headquarters, support new projects, purchase materials, and invest in equipment and ICT services, enabling us to further enhance our capabilities and continue delivering sustainable solutions.”
Solar District Cooling recently announced that its IPO for the Malaysian public has been oversubscribed by 144.08 times.
