October 26, 2014 5:54 AM ET

Construction and Engineering

Company Overview of Shapadu Energy and Engineering Sdn Bhd

Company Overview

Shapadu Energy and Engineering Sdn Bhd provides engineering, construction, procurement, installation, commissioning, and maintenance services of onshore and offshore facilities for the oil and gas and petrochemical industries. The company was incorporated in 1984 and is based in Shah Alam, Malaysia. Shapadu Energy and Engineering Sdn Bhd is a subsidiary of Shapadu Corporation Sdn Bhd.

Wisma Berkat

Lot 10

Jalan Pelabur 23/1

Section 23

Shah Alam,  40000

Malaysia

Founded in 1984

Phone:

60 3 5542 8888

Fax:

60 3 5542 4451

Key Executives for Shapadu Energy and Engineering Sdn Bhd

Shapadu Energy and Engineering Sdn Bhd does not have any Key Executives recorded.

Shapadu Energy and Engineering 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.”

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