PublicInvest values ACE-market-bound Northern Solar at RM1

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The story "PublicInvest values ACE-market-bound Northern Solar at RM1" was covered 6 hours ago by The Star, a news publisher based in Malaysia.

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The Star 6h ago

PublicInvest values ACE-market-bound Northern Solar at RM1 - The Star

Quick Summary:

KUALA LUMPUR: Public Investment Bank (PublicInvest) has assigned a fair value of RM1.00 to Northern Solar Holdings Bhd, which represents a 58.73% premium over its initial public offering (IPO) price of 63 sen per share.

Our projection is underpinned by its existing order book of RM83.2mil.“The group also submitted RM1.8bil tender book with historically the winning rate is about 20%.

The solar renewable energy specialist is set to list on the ACE Market of Bursa Malaysia on February 6, aiming to raise RM42.4il from the IPO.