Northern Solar's shares soar 42.85% in trading debut

From left: Northern Solar Holdings independent director Tan Ai Ning, independent director Roselinda Mohammad Hashim, independent director Teh Muy Ch’ng, executive director Edward Chew, managing director Lew Shoong Kai, chairman Amirul Azhar Baharom, M&A Equity Holdings Bhd Datuk Bill Tan, Lagenda Properties Bhd executive director Koong Wai Seng and M&A Securities Sdn Bhd head of corporate finance Gary Ting

KUALA LUMPUR: Shares in Northern Solar Holdings Bhd surged 42.85% over its initial public offering (IPO) price on its first day of trading as investors welcomed the prospects of the solar renewable energy firm.

The company opened for trading on the ACE Market at 90 sen a share, a 27% increase over its IPO price of 63 sen a share.