Verdant Solar shares rise 19% on debut


From left: Ong Hsiao Loong, substantial shareholder of Verdant Solar Holdings; Chew Sing Guanmanaging director of Mercury Securities Sdn Bhd; Po Yih Ming, independent non-executive director of Verdant Solar Holdings; Ng Kel Mynn, non-independent executive director; Lim Tzer Haur, managing director; Jeremy Ong, independent non-executive chairman; Kee Tze Hui, non-independent executive director/chief operating officer; Geetha Kandiah, independent non-executive director; Fadli Riza Ramli, independent non-executive director; and Eric Chong Soo Keng, head of corporate finance of Mercury Securities.

PETALING JAYA: Solar panel installer Verdant Solar Bhd’s shares jumped 19.35% on its ACE Market debut that raised RM44.02mil for expansion.

The share, which was the most actively traded on Bursa Malaysia crossed 37 sen – a six sen increase over its initial public offering price (IPO) of 31 sen.

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