KUALA LUMPUR: Wasco Greenergy Bhd, slated for a listing on Bursa Malaysia’s Main Market, aims to raise RM75 million from its initial public offering (IPO).

The group said that of the total proceeds, RM38.2 million will be utilised for the expansion of renewable energy business, research and development initiatives (RM4.0 million), and the development of digital infrastructure through artificial intelligence-driven analytics (RM5.0 million).

It said RM12.5 million from the proceeds will be allocated for improvements and enhancements of operational facilities, operations expansion in Indonesia (RM5.5 million) and listing expenses (RM9.8 million).

Commenting on its operational expansion in Indonesia, Wasco Greenergy chief executive officer Lee Yee Chong said the company plans to add two more branches to its existing pipeline, bringing the total to four branches in the country.


WASCO GREENERGY BERHAD
rm1.00
total 150,000,000
public offer 1,000,000

Additional information
TIIH Share Issue A/C No.817

Bursa Malaysia BoardMain Market
Opening Date20 Nov 2025
Closing Date28 Nov 2025
Ballot Date02 Dec 2025
Advisor CIMB INVESTMENT BANK BERHAD

only 1 million shares for public to grab
is like a goldmine waiting for you

This post has been edited by pileepalah: Nov 20 2025, 04:00 PM

1m shares only? Tell them to keep and distribute to their employees, no need to open to public.

10 million shares lah to public.

WASCO GREENERGY BERHAD 1.00 11 Dec 2025 150,000,000 public 1,000,000


Additional information
TIIH Share Issue A/C No.817
Bursa Malaysia BoardMain Market
Opening Date20 Nov 2025
Closing Date28 Nov 2025
Ballot Date02 Dec 2025
AdvisorCIMB INVESTMENT BANK BERHAD

This post has been edited by pileepalah: Nov 21 2025, 10:23 AM

Please check the prospectus Page 21, Item 4 (iii) on the 10 million offer to public.

so this Tricor info is wrong

KUALA LUMPUR (Nov 20): Wasco Greenergy Bhd, en route to the Main Market, sees Indonesia as key to its expansion given rising demand for biomass energy in the world’s largest palm oil producing nation.

The company currently has over 60% market share in Indonesian non-utility turbines but its slice in the biomass boiler market remains below 5%, a gap that represents a key growth avenue, chief executive officer Lee Yee Chong said at the launch of Wasco Greenergy’s listing prospectus on Thursday.

Wasco Greenergy is also eyeing Indonesia's fast-growing sugar industry as another potential commercial market that it may expand to in the future, he said.

.....

Not only CIMB, the underwriter for this is both CIMB and Maybank. I'm in!

MAYBANK