Solar District shares rise on ACE Market debut


(from left): Solar District Cooling Group Bhd independent non-executive director Wong Poh May, independent non-executive director Wong Kei Fai, independent non-executive director Raja Nor Azlina Binti Raja Azhar, managing director Edison Kong, executive director Eileen Liuk, independent non-executive chairman Khairul Azmy Bin Kamaluddin and Mercury Securities Sdn Bhd managing director Chew Sing Guan.

PETALING JAYA: Solar District Cooling Group Bhd (SDCG), which debuted on the ACE Market yesterday with a 32% premium over its initial public offering (IPO) price, is optimistic about the prospects for building management systems (BMS) and the energy-saving industry in Malaysia.

Managing director Edison Kong said while Malaysia’s energy costs are relatively low compared to global standards, they are likely to rise in the future.

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