July 30, 2014 6:50 PM ET

Air Freight and Logistics

Company Overview of Shapadu Corporation Sdn Bhd

Company Overview

Shapadu Corporation Sdn Bhd, through its subsidiaries, engages in the businesses of transportation, energy, engineering, properties, highway management and construction, civil construction, marine services, trading, and general services. Its transportation business involves in the provision of various services, such as heavy/project cargo transportation, air and sea freight forwarding, warehousing, open and covered storage yard, barging, heavy machinery and equipment handling, logistic support, and computer aided planning and designing; and energy business provides energy and engineering services. The company’s property business involves in property development activities; highway business e...

Lot 10

Jalan Pelabur 23/1

Seksyen 23

Shah Alam,  40000

Malaysia

Founded in 1972

Phone:

60 3 5542 8888

Fax:

60 3 5541 9288

Key Executives for Shapadu Corporation Sdn Bhd

Shapadu Corporation Sdn Bhd does not have any Key Executives recorded.

Shapadu Corporation Sdn Bhd Key Developments

Shapadu Plans IPO For Oil And Gas Business

Shapadu Corporation Sdn Bhd planned for an initial public offering (IPO) of its oil and gas business in order to raise up to MYR 300 million. It intends to to file the paperwork with the securities commission Malaysia in the third quarter of 2014. “We expect the approval to be obtained by year-end and go public thereafter, subject to market conditions,” Group Executive Director Rosthman Ibrahim told The Edge Financial Daily. Shapadu’s interest in the oil and gas business is held under Shapadu Energy and Engineering Sdn Bhd, Shapadu Energy Services Sdn Bhd, Shapadu Marine Pte Ltd and Shapadu Marine Sdn Bhd. For the IPO, the units will be demerged and transferred to a special purpose vehicle (NewCo). The demerger will consist of an in-specie distribution of NewCo shares to Shapadu shareholders. Rosthman Ibrahim said: “The NewCo will undertake the IPO and apply to list on Bursa Malaysia. Shapadu Energy and Engineering will anchor the NewCo.”

Shapadu Corp Sdn Bhd Provides Revenue Guidance for the Year End

Shapadu Corp. Sdn Bhd aims to increase its revenue to MYR 480 million by year-end from MYR 430 million last year, helped by the oil and gas division securing more projects.

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