(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: ACE Market-bound Northern Solar Holdings Bhd’s initial public offering (IPO) for the public portion has been oversubscribed by 73.20 times.
In a statement today, the solar renewable energy company said it received 25,772 applications for 1.47 billion shares valued at RM924.59 million, compared to the 67.3 million shares available for public subscription.
