Solarvest offers engineering, procurement, construction and commissioning (EPCC) services of solar photovoltaic (PV) systems.
The energy company will issue 98.83 million new shares to the public — That’s 25% of its enlarged share capital at 35sen per share.
Solarvest allocated the RM35m capital as follows:
- RM19.2 million for the group’s working capital
- RM3 million for geographical expansion in the domestic and international market
- RM4 million to strengthen technical capabilities
- RM5 million to settle bank’s borrowing
This listing is scheduled on 26th November this year, with a market capitalisation of RM136.7 million.