Northern Solar inks underwriting agreement with M&A Securities


From left: Lagenda Properties head of investments and investor relations Jasrinderjit Dhillon, Northern Solar executive director Edward Chew, managing director Lew Shoong Kai, M&A Equity Holdings Bhd managing director Datuk Bill Tan, M&A Securities head of corporate finance Gary Ting and deputy head of corporate finance Rachel Ho

KUALA LUMPUR: Northern Solar Holdings Bhd has signed an underwriting agreement with M&A Securities Sdn Bhd for its listing on the ACE Market of Bursa Malaysia.

In a statement, the solar renewable energy specialist said the initial public offering (IPO) entails a public issue of 67.3 million new shares and an offer for sale of 35.6 million existing shares, representing 17% and 9% of the enlarged share capital of Northern Solar respectively.

Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Next In Business News

Sentral REIT appoints Tay Hui Ling as CEO
Mega First to acquire 12.5% stake in Stenta Films for RM33.10mil
DXN inks MoU with Apex-Brasil to explore Brazil, eyes US$50mil investments
F&N to focus on innovation, diversification and transformation
Mulpha International invests US$20mil in Hong Kong's Sun Hung Kai bond programme
Ringgit breaches 4.04 level against US dollar after OPR maintained at 2.75%
Capital A’s Teleport to raise US$50mil via perpetual securities
Apex Healthcare to be delisted on Jan 27
Prudential to raise stake in Malaysia life insurer holding firm to 70% for US$377mil
BWYS shareholders approve RM67mil property disposal, RM94.5mil land acquisition

Others Also Read