【HAWK 0320 交流专区】

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IPO Prospectus

STEEL HAWK BERHAD

Subject

INITIAL PUBLIC OFFERING ("IPO") OF 134,700,000 ORDINARY SHARES IN STEEL HAWK BERHAD ("STEEL HAWK" OR "COMPANY") ("SHARES") IN CONJUNCTION WITH THE TRANSFER OF LISTING OF STEEL HAWK FROM THE LEAP MARKET OF BURSA MALAYSIA SECURITIES BERHAD ("BURSA SECURITIES") TO THE ACE MARKET OF BURSA SECURITIES COMPRISING: (I) PUBLIC ISSUE OF 90,000,000 NEW SHARES ("ISSUE SHARES") IN THE FOLLOWING MANNER: (A) 24,500,000 NEW ISSUE SHARES AVAILABLE FOR APPLICATION BY THE MALAYSIAN PUBLIC; (B) 12,250,000 NEW ISSUE SHARES AVAILABLE FOR OUR ELIGIBLE DIRECTORS, ELIGIBLE EMPLOYEES AND PERSONS WHO HAVE CONTRIBUTED TO THE SUCCESS OF STEEL HAWK AND ITS SUBSIDIARIES; AND (C) 53,250,000 NEW ISSUE SHARES BY WAY OF PRIVATE PLACEMENT TO SELECTED INVESTORS; AND (II) OFFER FOR SALE OF 44,700,000 EXISTING SHARES ("OFFER SHARES") MADE AVAILABLE FOR PRIVATE PLACEMENT TO SELECTED INVESTORS AT AN IPO PRICE OF RM0.15 PER SHARE, PAYABLE IN FULL UPON APPLICATION.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3473933

Attachments Steel Hawk Berhad - Prospectus (Part 1).pdf Steel Hawk Berhad - Prospectus (Part 2).pdf Steel Hawk Berhad - Prospectus (Part 3).pdf Steel Hawk - Detailed Procedures for Application.pdf

Opening of application	16 Aug 2024
Closing of application	23 Aug 2024
Balloting of application	27 Aug 2024
Allotment of IPO shares to successful applicants	03 Sep 2024
Tentative listing date	05 Sep 2024

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Type	Announcement
Subject	OTHERS
Description	THE CONTRACT SECURED FROM KERTIH PORT SDN BHD BY STEEL HAWK ENGINEERING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF STEEL HAWK BERHAD ("STEEL HAWK" OR "THE COMPANY")
The Board of Directors of Steel Hawk is pleased to announce that Steel Hawk Engineering Sdn Bhd, a wholly-owned subsidiary of the Company, had on 14 August 2024 entered into a contract with Kertih Port Sdn Bhd (199301015648 (270388-A)), a wholly-owned subsidiary of PETRONAS Chemicals Group Berhad, for the provision of scaffolding services for Kertih Port Sdn Bhd ("Contract"). Subsequently, the Company had on 20 August 2024 obtained consent from PETRONAS to release the announcement pertaining to the Contract. Please refer to the attachment for further details. This announcement is dated 20 August 2024.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3474966

Attachments Attachment of announcement-contract secured from Kertih Port Sdn Bhd.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 30 Jun 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		30 Jun 2024	30 Jun 2023	30 Jun 2024	30 Jun 2023
		$$'000	$$'000	$$'000	$$'000

1	Revenue	19,294	18,732	39,030	32,175
2	Profit/(loss) before tax	4,958	4,120	9,584	5,415
3	Profit/(loss) for the period	3,000	3,111	6,234	4,021
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,000	3,111	6,234	4,021
5	Basic earnings/(loss) per share (Subunit)	0.61	0.63	1.27	0.82
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent ($$)	0.0562		0.0434

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nitial Public Offering

STEEL HAWK BERHAD

Date of Listing	05 Sep 2024
Enlarged Issued Share Capital in the following
Units	490,000,000
Currency	Malaysian Ringgit (MYR)
Par Value($$) (if applicable)
Enlarged Issued Share Capital ($$)	20,368,919.000
Stock Code	0320
Stock Name	HAWK
ISIN code	MYQ0320OO000
Board	ACE Market
Bursa Sector	ENERGY
Bursa Sub Sector	ENERGY INFRASTRUCTURE, EQUIPMENT & SERVICES
Do you wish to list any child stock / new type of securities in conjunction with the IPO/Admission to LEAP Market?	No

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STEEL HAWK BERHAD

Particulars of substantial Securities Holder

Name	DATO SHARMAN KRISTY A/L MICHAEL
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Sep 2024	39,448,950	Disposed	Direct Interest
	Name of registered holder	DATO' SHARMAN KRISTY A/L MICHAEL
	Description of "Others" Type of Transaction
2	03 Sep 2024	8,951,000	Acquired	Indirect Interest
	Name of registered holder	DATIN ANNIE A/P V SINNIAH
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	(1) Offer for sale to selected investors by way of private placement in conjunction with the initial public offering for the transfer of listing of the Company from LEAP Market to ACE Market of Bursa Malaysia Securities Berhad.(2) Deemed Interest by virtue of his spouse's shareholdings in the Company pursuant to Section 8 of the Companies Act 2016.
Nature of interest	Direct and Indirect Interest
Direct (units)	48,951,000
Direct (%)	9.99
Indirect/deemed interest (units)	48,951,000
Indirect/deemed interest (%)	9.99
Total no of securities after change	97,902,000
Date of notice	06 Sep 2024
Date notice received by Listed Issuer	06 Sep 2024

Name	RADIANT CAPITAL SDN BHD
Address	23-2, Block H, Dataran Prima Jalan PJU 1/37 Petaling Jaya 47301 Selangor Malaysia.
Company No.	202101013134 (1413433-P)
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Sep 2024	5,251,050	Disposed	Direct Interest
	Name of registered holder	RADIANT CAPITAL SDN BHD
	Address of registered holder	23-2, Block H, Dataran Prima, Jalan PJU 1/37, 47301 Petaling Jaya, Selangor, Malaysia
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	Offer for sale to the selected investors by way of private placement in conjunction with the initial public offering for the transfer of listing of the Company from LEAP Market to ACE Market of Bursa Malaysia Securities Berhad.
Nature of interest	Direct Interest
Direct (units)	178,349,000
Direct (%)	36.4
Indirect/deemed interest (units)	0
Indirect/deemed interest (%)	0
Total no of securities after change	178,349,000
Date of notice	06 Sep 2024
Date notice received by Listed Issuer	06 Sep 2024

Name	DATIN ANNIE A/P V SINNIAH
Nationality/Country of incorporation	Malaysia
Descriptions (Class)	Ordinary shares

Details of changes

No	Date of change	No of securities	Type of Transaction	Nature of Interest
1	03 Sep 2024	39,448,950	Disposed	Indirect Interest
	Name of registered holder	DATO' SHARMAN KRISTY A/L MICHAEL
	Description of "Others" Type of Transaction
2	03 Sep 2024	8,951,000	Acquired	Direct Interest
	Name of registered holder	DATIN ANNIE A/P V SINNIAH
	Description of "Others" Type of Transaction

Circumstances by reason of which change has occurred	(1) Deemed Interest by virtue of her spouse's shareholdings in the Company pursuant to Section 8 of the Companies Act 2016.(2) Subscription of shares under Pink Form Allocation in conjunction with the initial public offering for the transfer of listing of the Company from LEAP Market to ACE Market of Bursa Malaysia Securities Berhad.
Nature of interest	Direct and Indirect Interest
Direct (units)	48,951,000
Direct (%)	9.99
Indirect/deemed interest (units)	48,951,000
Indirect/deemed interest (%)	9.99
Total no of securities after change	97,902,000
Date of notice	06 Sep 2024
Date notice received by Listed Issuer	06 Sep 2024

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Type	Announcement
Subject	OTHERS
Description	STEEL HAWK BERHAD ("STEEL HAWK" OR THE "COMPANY") - THE CONTRACT EXTENSION SECURED FROM PETRONAS CARIGALI SDN BHD BY STEEL HAWK ENGINEERING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
The Board of Directors of the Company is pleased to announce that Steel Hawk Engineering Sdn Bhd ("SHESB"), a wholly-owned subsidiary of Steel Hawk, had on 31 December 2024 secured contract extension for the provision of onshore facilities maintenance, construction & modification (ONMCM) services (Package B: Peninsular Malaysia – TGAST & OSC) from PETRONAS Carigali Sdn Bhd ("PCSB") (“the Contract”). Subsequently, the Company had on 31st January 2025 obtained written consent from PCSB to release the announcement to Bursa Malaysia Securities Berhad pertaining to the Contract awarded to SHESB. Please refer to the attachment for further details. This announcement is dated 3 February 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3520706

Attachments Attachment - The Contract Extension secured from PCSB by SHESB.pdf

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Type	Announcement
Subject	OTHERS
Description	STEEL HAWK BERHAD ("STEEL HAWK" OR THE "COMPANY") - THE CONTRACT SECURED FROM PRPC UTILITIES & FACILITIES SDN BHD BY STEEL HAWK ENGINEERING SDN BHD, A WHOLLY-OWNED SUBSIDIARY OF THE COMPANY
The Board of Directors of the Company is pleased to announce that Steel Hawk Engineering Sdn Bhd ("SHESB"), a wholly-owned subsidiary of Steel Hawk, had on 29 November 2024 accepted a letter of award dated 29 November 2024 awarded by PRPC UTILITIES & FACILITIES SDN. BHD. (“PRPC”) for the term contract for supply of manpower for bagging operations, at Solid Product Warehouse (SPW) for PRPC (“the Contract”). Subsequently, the Company has on 12 February 2025 obtained consent from PRPC to release the announcement to Bursa Malaysia Securities Berhad pertaining to the Contract awarded to SHESB. Please refer to the attachments for further details. This announcement is dated 12 February 2025.

https://www.bursamalaysia.com/market_information/announcements/company_announcement/announcement_details?ann_id=3522659

Attachments Attachment of Announcement-Letter of Award Awarded by PRPC to SHESB.pdf

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SUMMARY OF KEY FINANCIAL INFORMATION 31 Dec 2024

		INDIVIDUAL PERIOD		CUMULATIVE PERIOD
		CURRENT YEAR QUARTER	PRECEDING YEAR CORRESPONDING QUARTER	CURRENT YEAR TO DATE	PRECEDING YEAR CORRESPONDING PERIOD
		31 Dec 2024	31 Dec 2023	31 Dec 2024	31 Dec 2023
		MYR'000	MYR'000	MYR'000	MYR'000

1	Revenue	18,402	21,939	78,424	72,537
2	Profit/(loss) before tax	4,929	2,588	18,041	10,344
3	Profit/(loss) for the period	3,572	1,545	12,652	7,220
4	Profit/(loss) attributable to ordinary equity holders of the parent	3,572	1,545	12,652	7,220
5	Basic earnings/(loss) per share (Subunit)	0.73	0.32	2.58	1.47
6	Proposed/Declared dividend per share (Subunit)	0.00	0.00	0.00	0.00
		AS AT END OF CURRENT QUARTER		AS AT PRECEDING FINANCIAL YEAR END
7	Net assets per share attributable to ordinary equity holders of the parent	0.0946		0.0434

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STEEL HAWK BERHAD

Date of change	24 Feb 2025
Name	ENCIK ALIAS BIN ANUAR
Age	60
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Others

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Degree Bachelor Degree in Mechanical Engineering Swinburne Institute of Technology, in Melbourne Australia
Working experience and occupation	Encik Alias Bin Anuar ("Encik Alias") has been appointed as the Group Chief Operating Officer of Steel Hawk Berhad. He has approximately 30 years experience in the oil and gas industry, including upstream development, offshore construction maintenance, petrochemical and downstream development and higher management position.Encik Alias began his career as a mechanical engineer at Melbourne Metropolitan Board of Works ("MMBW") in January 1990. He left MMBW in August 1990 and joined Sime Sembawang Engineering Sdn Bhd ("SSESB") in January 1991 as a Mechanical Engineer/Project Engineer, responsible for providing mechanical, piping and project engineering support for major fabrication work of offshore oil and gas production facilities. He left SSESB in April 1993. Encik Alias joined Shapadu Abb Gobal Sdn Bhd as a Project Engineer in May 1993. Thereafter, Encik Alias worked for Shapadu Energy and Engineering Sdn Bhd ("SEESB") as a Project/Operation Manager in May 1995. He left SEESB in April 2000.Encik Alias also worked for Ranhill Engineers & Constructors Sdn Bhd as a Senior Construction Manager/Project Manager from May 2000 to July 2005. He was responsible for project management and execution of EPCC contracts.Encik Alias joined PBJV Group Sdn Bhd ("PBJV") as a Senior Operation Manager in September 2005. He was subsequently promoted to several higher managerial roles in PBJV as follows:-(1) Technical Support Service Manager (September 2008 - August 2011); and(2) Vice President of Group Supply Chain, Cost Control, Commercial & Tender Proposal Division (September 2011 - April 2018).
Directorships in public companies and listed issuers (if any)	None
Family relationship with any director and/or major shareholder of the listed issuer	None
Any conflict of interests that he/she has with the listed issuer	None
Details of any interest in the securities of the listed issuer or its subsidiaries	None

Remarks :

In line with the recent appointment of Steel Hawk Engineering Sdn Bhd ("SHESB") as a panel contractor for construction and modification works for Petroliam Nasional Berhad ("PETRONAS") and 27 of its Downstream Operating Plant Units (OPUs) which covers all 5 available regions: East Coast, West Coast, Southern Region, Sarawak and Sabah on 12 November 2024 coupled with the expected expansion of the Steel Hawk Berhad ("Steel Hawk") and its subsidiaries ("Steel Hawk Group" or the "Group")'s business activities in particular on its onshore projects, Steel Hawk Group has undertaken an internal reorganization to expand its key management team, with the appointment/ repositioning of the following individuals with effect from 24 February 2025:-

Encik Afizul Bin Md Yusoff is appointed as the new Group Chief Executive Officer and he is responsible for overseeing the Group's overall business performance and direction moving forward.

Encik Salimi Bin Khairuddin is redesignated as Executive Director of Steel Hawk. With the appointment of SHESB as a panel contractor by PETRONAS to provide construction and modification works for its onshore OPUs, and the other recent onshore projects secured from customers such as PETRONAS Gas Berhad and PRPC Utilities & Facilities Sdn Bhd, he will focus on overseeing the Group's onshore engineering division (which is on an expansion drive), where he is responsible for managing all aspects of the Group's onshore projects and the engineering design and fabrication of the Group's oilfield equipment.

Encik Alias Bin Anuar is appointed as the new Group Chief Operating Officer and he is responsible for the internal operations of all business units within the Group and ensure day to day activities aligns with the strategic direction of the Group.

Encik Khairul Nazri Bin Kamarudin is redesignated as the Managing Director of SHESB. He will focus on overseeing the Group's offshore engineering division, which include managing all aspects of the Group's offshore projects and is responsible for work order scheduling as well as facilitating internal and external communications in relation to the Group's offshore projects.

The key management reorganisation is necessary to bring in new talent and enhance leadership capabilities within the Group, which aligns with the expansion of the Group's business activities moving forward.

Date of change	24 Feb 2025
Name	ENCIK AFIZUL BIN MD YUSOFF
Age	47
Gender	Male
Nationality	Malaysia
Type of change	Appointment
Designation	Group Chief Executive Officer

Qualifications

No Qualifications Major/Field of Study Institute/University Additional Information 1 Professional Qualification Accounting Malaysian Institute of Accountants (MIA) Member 2 Degree Bachelor in Accounting and Finance (Hons) Liverpool John Moores University 3 Diploma Diploma in Accounting Accountancy and Business College, Malaysia 4 Others National Certificate in Accounting (NCEA) MARA Science College
Working experience and occupation	Encik Afizul Bin Md Yusoff ("Encik Afizul") has over 20 years of experience in financial industry across Malaysia and international markets. His specialty areas include business analytics, business planning, building sales pipeline, financial planning and analysis, operational finance control, financial modelling and strategic business planning.Encik Afizul began his career in Ireland in 2000 as an accountant and had worked with few companies. He was the Financial Controller for IFG Teppco Limited ("IFG") prior to his return to Malaysia in 2010.Upon his return from Ireland, he joined Sapura Group in June 2010 as a General Manager, leading the Group Finance Department of Sapura Technology Sdn Bhd and Sapura Holdings Sdn Bhd. He left Sapura Group in May 2012.Encik Afizul joined Petronas Lubricants International Sdn Bhd ("PLISB") in January 2013 and worked as a Corporate Finance Manager until July 2013. Encik Afizul then joined Edotco Malaysia Sdn Bhd ("Edotco") in August 2013. He was part of the pioneer team that had established Edotco, primarily responsible for business analytics, financial control and commercialisation of products. He was subsequently promoted to several managerial roles within his 11 years with Edotco, as follows:-(1) Senior Finance Manager (August 2013 - March 2019);(2) Head of Service Excellence (April 2019 - June 2021);(3) Head of Value Creations & Special Project (July 2021 - November 2022);(4) General Manager for Yiked Bina Sdn Bhd, a majority-owned subsidiary of Edotco (December 2022 - December 2023); and(5) Senior Specialist Business Development of Inbuilding and Fiber Business (January 2024 - February 2025).

Date of change	24 Feb 2025
Name	ENCIK SALIMI BIN KHAIRUDDIN
Age	38
Gender	Male
Nationality	Malaysia
Type of change	Others
Designation	Executive Director
Description	Redesignation from Executive Director/Chief Executive Officer to Executive Director

Date of change	24 Feb 2025
Name	ENCIK KHAIRUL NAZRI BIN KAMARUDIN
Age	36
Gender	Male
Nationality	Malaysia
Type of change	Others
Designation	Others
Description	Redesignation from Chief Operating Officer to Managing Director of Steel Hawk Engineering Sdn Bhd ("SHESB"), a wholly-owned subsidiary of Steel Hawk Berhad ("Steel Hawk")