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IPO delayed
United Asiapac Energy IPO Delayed: ACE Market Listing Pushed From 19 August to 14 September
United Asiapac Energy Berhad was due to list on Bursa’s ACE Market today, 19 August 2026. Instead, the oil and gas services firm has pushed its debut back to 14 September — to issue a supplementary prospectus first. Here’s what changed, and what it means if you applied for shares.
RM192.5m
Market cap at listing
unchanged by the delay
21.02×
Public tranche oversubscription
27.5m shares for retail
14 Sep
Revised listing date
was 19 Aug 2026, tentative
Why the debut got pushed back
- A newly secured contract needs disclosing before listing, so the board is issuing a supplementary prospectus first.
- You can withdraw your application once that document is out — the withdrawal window itself hasn’t been announced yet.
The IPO in one look
- Licensed by both Petronas and Petros — one of a small number of well intervention providers with that dual access.
- Core profit is projected to almost double this year, on Rakuten Trade’s initiation note, before rising further in FY2027.
See the full balloting math on a recent Bursa IPO or compare brokers for your next application.
What to watch
- Coming daysThe supplementary prospectus is released, disclosing the new contract and the withdrawal window for existing applicants.
- 10 Sep 2026Revised share allotment date — tentative.
- 14 Sep 2026Revised ACE Market listing date — tentative.
Not financial advice. This is general information based on United Asiapac Energy Berhad’s own prospectus and public disclosures, and Rakuten Trade’s published research, as at 19 August 2026. It is not a recommendation to apply for, hold or sell any shares, and Rates.my does not issue price targets or forecasts. Confirm current terms with the company or your broker before acting.
Sources & further reading
- KLSE Screener — United Asiapac reschedules ACE Market listing to Sept 14
- The Edge Malaysia — United Asiapac prices ACE Market IPO at 35 sen per share
- New Straits Times — Rakuten values United Asiapac at 50 sen ahead of ACE debut
- The Star — United Asiapac Energy launches IPO at 35c/share
- Rates.my — Is it worth applying for Bursa IPOs? Real balloting numbers
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This article is general information, not personalised financial advice. Rates.my is not a licensed financial adviser — always verify rates with the institution and consider your own circumstances.
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