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Keyfield International Bhd

Keyfield International Bhd (Ticker: KEYFIELD MK) is an offshore accommodation provider based in Malaysia, primarily engaged in the chartering of vessels. The company offers comprehensive offshore accommodation, catering, housekeeping, laundry, and medical support services. Keyfield International Bhd owns a fleet of 11 Malaysian-flagged vessels, which includes a range of accommodation work boats, a geotechnical platform supply vessel, and an anchor handling tug supply vessel. The company holds several PETRONAS Vessel Owner-Operator licenses and is a panel contractor to PETRONAS Carigali Sdn Bhd, allowing it to participate in various accommodation vessel-related tenders.

Keyfield International Bhd will be listing on the Bursa Malaysia, with an IPO scheduled to trade under the ticker KEYFIELD MK. The company has set an offer price of MYR 0.90 per common share, aiming to raise MYR 188.06 million (approximately USD 39.85 million) by offering 208.96 million primary shares. This IPO is managed by M&A Securities Sdn Bhd and Maybank Investment Bank Bhd. The listing date is set for April 22, 2024.

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