KUALA LUMPUR: United Asiapac Energy Bhd has entered into an underwriting agreement with TA Securities Holdings Bhd for its initial public offering (IPO), in conjunction with its listing on the ACE Market of Bursa Malaysia.
The provider of specialised well intervention solutions to Malaysia’s upstream oil and gas industry said the IPO entails 139.22 million new ordinary shares (issue shares), with TA Securities underwriting 37.5 million issue shares.
The company said that of the total 37.5 million issue shares, 27.5 million shares will be made available for the Malaysian public, and 10 million shares for application by the company’s eligible staff.
United Asiapac Energy is expected to be listed on the ACE Market in the third quarter of 2026. — Bernama
