KUALA LUMPUR (April 7): Renewable energy and infrastructure company Helios Photovoltaic Sdn Bhd has submitted its prospectus for a planned initial public offering (IPO) and listing on the Frankfurt Stock Exchange in Germany, according to a statement from the company.
A company search revealed that Helios Photovoltaic, is fully owned by its 50-year-old CEO and managing director Datuk Ong Thuan Ming. Helios Photovoltaic holds a 100% interest in Helios Solar Solutions Sdn Bhd, Helios PV Homes Sdn Bhd and a 75% interest in Sasaran Padu Resources (Asia) Sdn Bhd.
According to its financial statement ended June 30, 2025 shared with The Edge, the company posted a net profit of RM24 million for the year compared with RM974,696 net loss the year before. The figures included RM10.4 million other income from debt recovery, interest, asset sales and debt waivers and a net gain on impairment of financial assets of about RM14 million. Helios Photovoltaic has RM310,241 cash and bank balances. The company has no bank borrowings, with most liabilities consisting of amounts owed to suppliers, directors, subsidiaries, for taxes, and lease obligations.
Helios Photovoltaic said it has appointed Small & Mid Cap (SMC) Investmentbank AG as its listing bank to support the structuring and execution of the proposed IPO, which it is targeting for May 2026, subject to regulatory approvals.
Headquartered in Germany, SMC Investmentbank is an initiative of entrepreneurs, bankers, consultants and board members on the subject of “SMEs and the stock market”, according to its website.
Helios Photovoltaic held a signing ceremony with SMC Investmentbank in Kuala Lumpur on Tuesday.
According to the statement, the company, incorporated in 2010, has also launched a RM5.5 billion solar park resort project in Kelantan.
The offering will be made available to investors in Germany and other eligible jurisdictions, with proceeds intended to support the group’s long-term growth strategy, including the development and expansion of solar energy projects across Europe and Asia. The key focus markets are in Germany, Malaysia, Singapore and Cambodia.
As part of this strategy, Helios is introducing the Helios Solar Park, Wildlife Safari Conservation and Resort — a 1,000MWp solar photovoltaic facility supported by a 1,600MWh battery energy storage system.
The project will be developed across 3,000 acres in Kelantan, with targeted commercial operations between 2028 and 2029. The total estimated development value is RM5.5 billion.
Developed under Malaysia’s Corporate Renewable Energy Supply Scheme (CRESS), the project is structured as a scalable platform combining renewable energy generation with investment participation.
Helios Photovoltaic said its proprietary “Zero Net Energy Lots” concept enables corporates and investors to participate in renewable energy projects from as low as 1MWp without the need to develop, manage or operate infrastructure directly while supporting environmental, social and governance (ESG) and decarbonisation goals.
Copyright © 1999-2026 The Edge Communications Sdn. Bhd. 199301012242 (266980-X). All rights reserved
