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).