The tanker owner and shipbuilder said it should debut on Bursa Malaysia on 11 December.

It will offer 129m shares at MYR 0.65 each.

A large part of the proceeds will be used to repay debt and finance the expansion of its fleet and the shipbuilding operation.

The company is upbeat about the prospects of its oil and gas-related businesses, said managing director Abdul Hak Amin.

"We