Kuala Lumpur, 15 May 2026 – United Asiapac Energy Berhad has signed an underwriting agreement with TA Securities Holdings Berhad, advancing its proposed initial public offering and listing on the ACE Market of Bursa Malaysia Securities Berhad.

The specialised well intervention services provider plans to issue 139.22 million new ordinary shares through the IPO. Of this total, TA Securities will underwrite 37.5 million shares, comprising 27.5 million shares offered to the Malaysian public and 10 million shares reserved for eligible directors, employees and individuals who have contributed to the development of United Asiapac Energy and its subsidiary.

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Abigail Cheong

I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.