News

ACE market debutant Solarvest emerges as most active counter



KUALA LUMPUR, Nov 26 -- ACE market debutant Solarvest Holdings Bhd emerged as the most active counter in the early trade.

As at 10.50 am, the solar photovoltaic system specialist surged 31 sen to 66 sen with 141.49 million shares traded from its issue price of 35 sen. 

Solarvest Holdings managing director Lim Chin Siu said the company had grown alongside the renewable energy sector in Malaysia since 2012, having witnessed the shift from Feed-in Tariff mechanism to New Enhance Net Energy Metering scheme as well as the implementation of Large Scale Solar programme. 

He said the domestic renewable energy sector was relatively young and is on its upward trajectory, which translates to more pockets of opportunities for industry players like Solarvest.

The company aims to capitalise on the growing market with the proceeds raised from its initial public offering exercise.

Solarvest’s immediate focus he said, was to increase its market share in the domestic market with plans to expand its footprint in the southern region, capturing business opportunities in Negeri Sembilan, Melaka and Johor.

“As for our long-term growth, we are speaking with a few potential business partners in Vietnam and Taiwan to explore business opportunities there. The outlook is getting brighter for us and we are prepared to seize the sunny prospects ahead,” said Ng in a statement today. 

-- BERNAMA

 




    Other News

Japan's Blue Capital inks RM100 mln investment in Lahad Datu POIC

KOTA KINABALU, Dec 4  -- The Sabah investment mission to Japan has finalised a RM100 million investment from Tokyo-based Blue Capital Management Co. Ltd. (Blue Capital) whose core business includes biomass power generation.


Malaysia puts on boxing gloves against EU for palm oil discrimination

KUALA LUMPUR, Dec 4  -- The Ministry of Primary Industries (MPI) is raring to confront the  European Union (EU) on its palm oil discrimination, through filing Malaysia’s case with the World Trade Organisation (WTO).


Petronas FutureTech showcases home-grown techpreneurs

KUALA LUMPUR, Dec 4  -- Petronas FutureTech, an accelerator programme to encourage local innovations and support Malaysian startups, held its first ‘Demo Day’ recently, with 19 startups across the energy, industry, and digital innovation sectors.


    Main Sponsor


    Quotes



© 2019 BERNAMA. All Rights Reserved. Disclaimer | Privacy Policy | Security Policy This material may not be published, broadcast,
rewritten or redistributed in any form except with the prior written permission of BERNAMA.

Best viewed in Firefox 58.0.1 (64-bit) & Chrome Version 63.0.3239.132 (Official Build) (64-bit) with 1920 x 1080 resolution

Contact us :
General [ +603-2693 9933, helpdesk@bernama.com ]
Product/Service Enquiries [ +603-2050 4466, portal@bernama.com ]