The Petronas Twin Towers illuminated at night in Kuala Lumpur
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IPO delayed

United Asiapac Energy IPO Delayed: ACE Market Listing Pushed From 19 August to 14 September

RaymondRates.my3 min read

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

UNIPAC — ORIGINAL VS REVISED SCHEDULE28 JulIPOpriced5 AugApplicationsclosedCANCELLED19 AugWas: listingday10 SepNewallotmentNEW14 SepListing(tentative)Both new dates are tentative — the board has not fixed a withdrawal deadline yet.
The original 19 August listing is cancelled. Allotment and listing both move roughly three and a half weeks later, and both new dates are tentative.
  • 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.
An offshore oil and gas platform standing in calm water
United Asiapac Energy runs well intervention services — fishing, plug and abandonment, sidetracking — for Malaysia's upstream oil and gas operators. · Photo: Julia Taubitz on Unsplash

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

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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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