Principal Activity:

UUE is an investment holding company. Through its subsidiaries, the Group is principally involved in the provision of underground utilities engineering solutions as well as manufacturing and trading of high-density polyethylene pipes.

Shares to be issued/offered:


IPO in conjunction with the listing of UUE on the ACE Market comprising:

(i) Public issue of 124,902,000 new ordinary shares in UUE ("Issue Shares") in the following manner:

30,415,000 Issue Shares made available for application by the Malaysian public;

40,591,000 Issue Shares made available for application by the eligible directors, employees and persons who have contributed to the success of UUE and its subsidiaries;

38,574,000 Issue Shares made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry of Malaysia ("MITI"); and

15,322,000 Issue Shares made available by way of private placement to selected investors; and

(ii) Offer for sale of 37,463,000 existing Shares by way of private placement to identified Bumiputera investors approved by MITI.