SOLUTN (0093) Stock Overview

Solution Group Berhad, an investment holding company, engages in the technology, renewable energy, biotechnology, and healthcare businesses in Malaysia and internationally. It designs and develops equipment and software for engineering education and research, as well as technical and vocational education and training in the areas, including chemical, mechanical, electrical, civil, and control engineering; and renewable energy under the SOLTEQ brand. The company also provides laboratory and industrial biotechnology solutions, such as design and development of equipment and processes for manufacturing products used in the biotechnology and pharmaceutical industries under the SOLTEQ brand. It offers automation solutions for industrial plants and processes, waterworks, and flood mitigation; and comprehensive solutions for plant construction projects, as well as produces and distributes industrial lubricants under the SOLMAX brand. The company also provides fabrication for pressurized vessels, heat exchangers, storage tanks, structures, and process skids assembly; and promotes businesses relating to green and renewal energy. It develops training and curriculum content; and designs and develops ultrasonic solvent extraction of oil from spent adsorbent project, as well as pilot plant for bio lubricant projects and industrial lubricants. The company also sells wellness, lifestyle, and other products; and formulates, fills, finishes, markets, and distributes biological drugs. It engages in the wholesale of pharmaceuticals and medical goods; manufacturing of other pharmaceuticals, medical chemical, and botanical products; and product registration, manufacturing, and commercialization of active plant compounds and products for medicinal purposes. The company was formerly known as Solution Engineering Holdings Berhad and changed its name to Solution Group Berhad in June 2019. The company was incorporated in 1988 and is based in Kuala Lumpur, Malaysia.