1. SDCG signs underwriting agreement with Mercury Securities for ACE Market IPO of 118.67M new shares.

Solar District Cooling Group Berhad (SDCG) signed an underwriting agreement with Mercury Securities Sdn Bhd, planning an IPO on the ACE Market of Bursa Malaysia Securities Berhad. The IPO involves 118.67M new ordinary shares, or 28% of SDCG's enlarged issued share capital. The aim is to boost SDCG's visibility and reputation, while allowing participation in growth from directors, employees, business partners, and public investors. Mercury Securities will underwrite all the 42.38M Issue Shares for Malaysian public and eligible persons.

August 14, 2024
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