KUALA LUMPUR: Solar photovoltaic (PV) and earthing and lightning protection (ELP) specialist Pekat Group Bhd recorded overwhelming demand for its shares offered to the public under its listing exercise.
In a statement, Pekat said the offer of 32.20 million new shares to the public at 32 sen each recorded RM794.50mil for the shares worth RM10.30mil under its public portion.
“The RM794.50mil in subscription amount received was the highest since 2019. It surpassed the previous records set by Volcano Bhd
and Flexidynamic Holdings Bhd, which pulled in RM512.8mil and RM444.90mil, respectively, in subscription earlier this year, ” it said.
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