Latest news with #KuMunFong
The Star
4 days ago
- Business
- The Star
JS Solar inks IPO deal with TA Securities
(From left) TA Securities Holdings Bhd corporate finance head Ku Mun Fong, operations executive director Tah Heong Beng, JS Solar Holding Bhd managing director Johnson Chai Jeun Sian, chairman Datuk Ahmad Fauzi Hasan and Eco Asia Capital Advisory Sdn Bhd managing director Kelvin Khoo at the underwriting agreement signing ceremony of JS Solar in conjunction with its upcoming initial public offering on the ACE Market of Bursa Malaysia by the third quarter of 2025. KUALA LUMPUR: JS Solar Holding Bhd has inked an underwriting agreement with TA Securities Holdings Bhd in conjunction with its upcoming initial public offering (IPO) enroute to a listing on the ACE Market of Bursa Malaysia. JS Solar is expected to be listed by the third quarter of financial year 2025. The solar photovoltaic (PV) system company said in a statement that the IPO exercise entails a public issue of 78 million new ordinary shares, representing 24% of the group's enlarged issued share capital, along an offer for sale of 19.5 million existing shares, representing 6% of the enlarged issued share capital. 'Of the 78 million issue shares, 16.25 million will be made available to the Malaysian public via balloting; and 19.5 million issue shares to eligible directors, employees and other persons who have contributed to the success of the group (pink form allocation). 'The remaining 42.25 million issue shares will be made available by way of private placement to selected investors,' it said. 'The 19.5 million offer shares will be made available by way of private placement to selected investors.' Pursuant to the underwriting agreement, TA Securities has agreed to underwrite a total of 35.75 million issue shares made available to the Malaysian public and pink form allocation. JS Solar, through its subsidiaries, principally provides engineering, procurement, construction and commissioning services and contracting services for solar PV systems, along with operations and maintenance services. Its managing director Johnson Chai Jeun Sian said the signing of the underwriting agreement with TA Securities brings them one step closer to their upcoming listing on the ACE Market. — Bernama
The Star
5 days ago
- Business
- The Star
JS Solar inks underwriting deal with TA Securities for ACE Market IPO
From left: Ku Mun Fong, head, corporate finance of TA Securities Holdings; Tah Heong Beng, executive director, operations; Johnson Chai Jeun Sian, managing director of JS Solar Holding; Datuk Ahmad Fauzi Hasan, independent non-executive chairman; and Kelvin Khoo, managing director of Eco Asia Capital Advisory KUALA LUMPUR: Solar photovoltaic (PV) system company JS Solar Holding Bhd has signed a deal with TA Securities Holdings Bhd for the underwriting of 35.75 million shares made available to the Malaysian public and via pink form allocations in conjunction with the company's initial public offering (IPO). JS Solar - which is principally involved in engineering, procurement, construction, and commissioning (EPCC) services and contracting services for solar PV systems, along with operations and maintenance (O&M') services - is scheduled to be listed on the ACE Market of Bursa Malaysia by the third quarter of 2025.
