VSOLAR (0066) - Vsolar gains 21% on solar farms job
April 22, 2015 : 10:56 AM MYT
KUALA LUMPUR (Apr 22): Vsolar Group Bhd's shares jumped as much as 21.13% in the morning trades today after the group announced its collaboration with a Japanese firm to develop a commercial solar farms.
At 10.39am, the stock was traded at 42 sen, still up 6.5 sen or 18.31% with 30.27 million shares done, making it the eighth most actively traded counter across the exchange.
With the current price, it has a market capitalisation of RM100.16 million.
Vsolar (fundamental: 0.6; valuation: 0)'s warrants were the second most actively traded counter across the bourse with some 45.86 million units changing hands.
At 10.44am, its warrants inched up 1.5 sen or 10% at 16.5 sen apiece.
In a filing with Bursa Malaysia yesterday, the renewable energy player said it has signed a collaboration agreement with Japan's Eastasia Group Co Ltd to develop commercial solar farms.
Vsolar told the local exchange that it will provide engineering, procurement and construction solutions for the development.
This is part of the loss-making firm's diversification plans by expanding into the renewable energy development business.
Vsolar, formerly known as Fast Track Solution Holdings Bhd, was previously a provider of software solutions in the information technology segment.
http://www.theedgemarkets.com
April 22, 2015 : 10:56 AM MYT
KUALA LUMPUR (Apr 22): Vsolar Group Bhd's shares jumped as much as 21.13% in the morning trades today after the group announced its collaboration with a Japanese firm to develop a commercial solar farms.
At 10.39am, the stock was traded at 42 sen, still up 6.5 sen or 18.31% with 30.27 million shares done, making it the eighth most actively traded counter across the exchange.
With the current price, it has a market capitalisation of RM100.16 million.
Vsolar (fundamental: 0.6; valuation: 0)'s warrants were the second most actively traded counter across the bourse with some 45.86 million units changing hands.
At 10.44am, its warrants inched up 1.5 sen or 10% at 16.5 sen apiece.
In a filing with Bursa Malaysia yesterday, the renewable energy player said it has signed a collaboration agreement with Japan's Eastasia Group Co Ltd to develop commercial solar farms.
Vsolar told the local exchange that it will provide engineering, procurement and construction solutions for the development.
This is part of the loss-making firm's diversification plans by expanding into the renewable energy development business.
Vsolar, formerly known as Fast Track Solution Holdings Bhd, was previously a provider of software solutions in the information technology segment.
http://www.theedgemarkets.com
