Date: 22nd August 2024
BIO ENECO™, a subsidiary of Elridge Energy Holdings Berhad, celebrates a major milestone with Elridge’s successful IPO on Bursa Malaysia’s ACE Market, raising RM 101.5 million. The IPO was oversubscribed by 28.78 times, reflecting strong investor confidence.
This achievement signifies a pivotal moment in its growth and expansion, strengthening BIO ENECO™’s status as a leader in biomass fuel production, with a focus on palm kernel shells and wood pellets.
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