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United Asiapac Energy Targets RM48.73 Million From ACE Market IPO

By Abigail Cheong4 min read

Kuala Lumpur, 28 July 2026 – United Asiapac Energy Berhad has launched its initial public offering prospectus ahead of a planned ACE Market debut that will provide new capital for equipment purchases, workforce expansion and the growth of its specialised well intervention business.

The Malaysian upstream oil and gas services company plans to raise approximately RM48.73 million through the issuance of 139.22 million new ordinary shares at 35 sen each. Based on an enlarged share capital of 550 million shares, the offering values United Asiapac Energy at approximately RM192.5 million upon listing.

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Author

  • 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.