Steel Hawk Berhad (SHB) is making waves in the Malaysian investment landscape with its upcoming Initial Public Offering (IPO) on the ACE Market of Bursa Malaysia.
This listing transfer from the LEAP Market represents a significant milestone for the company and offers an exciting opportunity for investors to be part of a growing force in the Oil & Gas (O&G) engineering sector.
Key highlights of the IPO:
- Aims to raise up to RM20.21 million
- Public issue of up to RM13.5 million
- 24.5 million shares offered to the Malaysian public
- Proceeds primarily allocated for expansion and working capital
Steel Hawk Berhad, through its wholly-owned subsidiary Steel Hawk Engineering Sdn Bhd (SHESB), has established itself as a prominent Bumiputera company providing technical and engineering support services in Malaysia’s O&G industry. With a track record of over 70 completed projects valued at more than RM100 million, SHESB has demonstrated its capability and potential for growth.
The company’s core services include:
- EPCC services for chemical injection skids
- Improvement and maintenance of topside O&G facilities
- Installation, maintenance, and supply of oilfield equipment
What sets Steel Hawk apart is its commitment to innovation and expansion. The company is not only strengthening its presence in key oil towns across Malaysia but also venturing into international markets like Brunei. Furthermore, Steel Hawk is diversifying its services beyond the O&G industry, showcasing its adaptability and forward-thinking approach.
With a vision to become a market leader in providing innovative solutions and new technology for the energy industry, Steel Hawk Berhad presents an intriguing investment proposition. The company’s focus on environmental consciousness, fiscal responsibility, and reinvestment for future growth aligns well with the current global trends in the energy sector.
Don’t miss out on this opportunity to be part of Steel Hawk Berhad’s growth story.
Sign up with M+ Global now to apply for this exciting IPO. By investing through M+ Global, you’ll gain access to this promising Bumiputera company as it takes its next big step in the Malaysian capital market.
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