JS Solar inks underwriting deal with TA Securities for ACE Market IPO

From left: Ku Mun Fong, head, corporate finance of TA Securities Holdings; Tah Heong Beng, executive director, operations; Johnson Chai Jeun Sian, managing director of JS Solar Holding; Datuk Ahmad Fauzi Hasan, independent non-executive chairman; and Kelvin Khoo, managing director of Eco Asia Capital Advisory

KUALA LUMPUR: Solar photovoltaic (PV) system company JS Solar Holding Bhd has signed a deal with TA Securities Holdings Bhd for the underwriting of 35.75 million shares made available to the Malaysian public and via pink form allocations in conjunction with the company's initial public offering (IPO).

JS Solar - which is principally involved in engineering, procurement, construction, and commissioning (EPCC) services and contracting services for solar PV systems, along with operations and maintenance (O&M”) services - is scheduled to be listed on the ACE Market of Bursa Malaysia by the third quarter of 2025.