(From left) Northern Solar Holdings Bhd chairman Amirul Azhar Baharom, executive director Edward Chew, Norwatt Power Sdn Bhd shareholder Tengku Arif Temenggung Tengku Fahad Mua’adzam Shah Al-Marhum Sultan Ahmad Shah, Northern Solar managing director Lew Shoong Kai, M&A Equity Holdings Bhd managing director Datuk Bill Tan and M&A Securities Sdn Bhd corporate finance head Gary Ting.
KUALA LUMPUR: Solar renewable energy specialist Northern Solar Holdings Bhd aims to raise RM42.4mil via its initial public offering (IPO) exercise on the ACE Market of Bursa Malaysia, which is scheduled for Feb 6, 2025.
The IPO consists of the issuance of 67.25 million new ordinary shares at a price of 63 sen apiece. Upon listing, the group is expected to have a market capitalisation of RM249.2mil.
