Mr. Chris Lai Ther Wei 赖德威, Director, Head of Capital Markets, Mercury Securities Sdn Bhd
Ms. Tan Tai Kim 陈载金 Director, Corporate Finance of Mercury Securities Sdn Bhd
Mr. Chew Sing Guan 周新元, Managing Director of Mercury Securities Sdn Bhd
Mr. Edison Kong 江錦安, Managing Director of Solar District Cooling Group Berhad
Ms. Eileen Liuk 陸仁芬, Executive Director of Solar District Cooling Group Berhad
Ms. Sheryn Chow Suet Yim 周雪艳, Director, Corporate Finance of Mercury Securities Sdn Bhd
Solar District Cooling Group Berhad (SDCG) has entered into an underwriting agreement with Mercury Securities Sdn Bhd (Mercury Securities) for its upcoming initial public offering (IPO) on the ACE Market of Bursa Malaysia Securities Berhad.
SDCG and its subsidiaries are principally involved in the provision and maintenance of building management systems (BMS), solar thermal solutions and energy saving services. The Group has a proven track record of enhancing energy efficiency across various sectors and strives to establish benchmarks in energy management and cost efficiency.
Mr. Chew Sing Guan 周新元, Managing Director of Mercury Securities Sdn Bhd
Mr. Edison Kong 江錦安, Managing Director of Solar District Cooling Group Berhad
The IPO involves the public issue of 118,670,000 new ordinary shares (Issue Shares), representing 28.00% of SDCG’s enlarged issued share capital of 423,822,460 ordinary shares upon its listing.
The Issue Shares will be allocated in the following manner:
- Malaysian Public: 21,192,000 Issue Shares representing 5.00% of the enlarged issued share capital for application by the Malaysian public, with 50.00% set aside for Bumiputera investors.
- Eligible Persons: 21,192,000 Issue Shares representing 5.00% of the enlarged issued share capital for application by eligible directors, employees, and persons who have contributed to the Group’s success.
- Selected Investors: 76,286,000 Issue Shares representing 18.00% of the enlarged issued share capital made available by way of private placement to selected investors.
Mercury Securities will underwrite all the 42,384,000 Issue Shares made available for application by the Malaysian public and eligible persons.
Mr. Edison Kong, Managing Director of SDCG, expressed his enthusiasm for the IPO, stating, “Our listing will enhance our visibility and reputation in the market and enable our directors, employees, business partners, and public investors to participate in the growth and continued expansion of our business, increasing shareholder value. We would like to express our sincere gratitude to Mercury Securities for their support and confidence in our Group.”
He added, “This corporate milestone will help scale our Group to new heights by tapping new opportunities and responding to the evolving needs of our customers and market trends. We remain focused on providing innovative solutions that create value for our customers, striving to exceed their expectations.
Mr. Chew Sing Guan, Managing Director of Mercury Securities Sdn Bhd said, “We are delighted to be the Principal Adviser, Sponsor, Sole Underwriter, and Sole Placement Agent for SDCG and to play a part in their new corporate journey as a listed company on the ACE Market of Bursa Malaysia Securities Berhad. The listing will enable SDCG to tap into the capital market for its growth and expansion plans in the future.”