Filtering by: “Malaysia”
Keyfield International Bhd
Apr
22

Keyfield International Bhd

Keyfield International Bhd (Ticker: KEYFIELD MK) is an offshore accommodation provider based in Malaysia, primarily engaged in the chartering of vessels. The company offers comprehensive offshore accommodation, catering, housekeeping, laundry, and medical support services. Keyfield International Bhd owns a fleet of 11 Malaysian-flagged vessels, which includes a range of accommodation work boats, a geotechnical platform supply vessel, and an anchor handling tug supply vessel. The company holds several PETRONAS Vessel Owner-Operator licenses and is a panel contractor to PETRONAS Carigali Sdn Bhd, allowing it to participate in various accommodation vessel-related tenders.


Keyfield International Bhd will be listing on the Bursa Malaysia, with an IPO scheduled to trade under the ticker KEYFIELD MK. The company has set an offer price of MYR 0.90 per common share, aiming to raise MYR 188.06 million (approximately USD 39.85 million) by offering 208.96 million primary shares. This IPO is managed by M&A Securities Sdn Bhd and Maybank Investment Bank Bhd. The listing date is set for April 22, 2024.

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CPE Technology Bhd
Dec
7

CPE Technology Bhd

CPE Technology Bhd (Ticker: CPETECH MK) is a Malaysian company specializing in precision machining and mechanical sub-assembly, including CNC Turning & Milling, Turn-Mill, and Finish processes. The firm focuses on engineering support services, catering to both local and international markets. CPE Technology Bhd is set to list on the Bursa Malaysia on December 7, 2023. The company is offering 234.96 million shares at a price of MYR 1.07 per share. The expected market capitalization at the offer is MYR 718.31 million (USD 153.86 million), with a total offer size of MYR 251.41 million (USD 53.85 million).

The proceeds from the IPO, amounting to RM179.58 million, are earmarked for various growth initiatives, including the construction of new plants, purchasing machinery and equipment, and acquiring raw materials like stainless steel and aluminium. Additionally, funds will be allocated to repay bank borrowings, enhance working capital, cover capital expenditures, and manage listing expenses. CPE Technology has reported a market share of 1.55% in Malaysia's engineering supporting industry as of 2022, with an annual revenue of RM145.35 million.

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