ONG EU JIN PARTNERSHIP ADVISES PSP ENERGY BERHAD ON ITS ACE MARKET LISTING
Congratulations to PSP Energy Berhad (PSP Energy) on its successful listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 4 December 2025.
PSP Energy, through its subsidiaries, is principally involved in the trading and distribution of fuel and lubricant products.
Upon listing on the ACE Market of Bursa Malaysia, PSP Energy will have a market capitalisation of RM171.0 million based on an issue price of RM0.16 per share and an enlarged share capital of 1,068,801,500 ordinary shares.
The initial public offering (IPO) raised approximately RM34.2 million, with proceeds earmarked mainly for the purchasing of a bunker vessel, fuel products and road tankers as well as general working capital and capital expenditure.
As the IPO solicitors, Ong Eu Jin Partnership is proud to have played a part in PSP Energy’s listing exercise.
Have aspiration to get your company listed? Please contact us at [email protected]
More information on the listing can be found at:
The Edge Malaysia:
