MUNICH, June 3 — Southeast Asia-focused solar energy company Helios Solar AG is planning an Initial Public Offering (IPO) on the Frankfurt Stock Exchange, with expected net proceeds of approximately EUR26.9 million to support its expansion strategy across Asia and Europe.
According to the securities prospectus published in connection with its application for admission to the regulated General Standard market of the Frankfurt Stock Exchange, the company intends to offer up to 7.6 million shares at an offering price of EUR4 per share. The subscription period is expected to begin on June 22, 2026, and close on July 6, 2026, while trading of the shares is scheduled to commence on July 28, 2026.
Chief Executive Officer Dato’ Ong Thuan Ming described the planned IPO as a significant milestone in the company’s development. He said the listing would improve access to European capital markets, strengthen the company’s financial flexibility, and enhance its visibility among both institutional and retail investors.
Based on the proposed offering structure, the IPO has a gross value of approximately EUR30.4 million (7.6 million shares at EUR4 each), while the company expects to receive net proceeds of around EUR26.87 million after listing-related expenses. At current exchange rates of approximately RM4.85 to RM4.90 per euro, the net proceeds would be equivalent to roughly RM130 million to RM132 million.
Of the total net proceeds, 58.8% will be allocated to expanding operations in Malaysia, including strategic partnerships with Public Islamic Bank Berhad and Boost Bank Berhad, as well as the establishment of a Training & Innovation Center. A further 32.5% will be used to expand operations in Germany and Europe, including the development of two solar projects in Bulgaria. Meanwhile, 5% will be allocated to the expansion of the company’s solar business in Cambodia, and 3.7% will be used to strengthen operations in Singapore.
Helios Solar believes that demand for renewable energy will continue to grow, driven by Europe’s climate targets, the rapid expansion of data centres, artificial intelligence (AI) applications, and increasing electricity consumption. The company said its established track record in photovoltaic project development across Malaysia and Southeast Asia positions it well to benefit from these long-term growth trends.
Headquartered in Munich, Germany, Helios Solar AG serves as the holding company of the Helios Group, which develops and implements photovoltaic projects for commercial, industrial, residential, and utility-scale solar customers. The group’s current operational focus is Malaysia and Southeast Asia, with a strategic expansion into Europe planned following the contribution of Helios Photovoltaic Sdn. Bhd. to Helios Solar AG in 2026.
