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.