Latest news with #OngMumFei
Barnama
6 days ago
- Business
- Barnama
iCents Group Eyes 10 Pct Revenue Growth For 2026
BUSINESS KUALA LUMPUR, July 17 – Cleanroom and other facility services provider, iCents Group Holdings Bhd make its debut on the ACE Market of Bursa Malaysia Securities, today. (Photo credit: iCents Group Holdings Bhd) KUALA LUMPUR, July 17 (Bernama) -- iCents Group Holdings Bhd has targeted a 10 per cent growth in revenue for 2026, driven by an expected rise in contribution from its manufacturing operations. Managing director Ong Mum Fei said the group's manufacturing of cleanroom fixtures and related products accounts for 10 to 15 per cent of overall revenue, with contribution expected to rise as the company ramps up production and expands its facility. 'We are also progressively securing projects over the next few months. This year, we anticipate securing more data centre projects, although most of the recognised revenue will come in 2027,' he told a press conference after the company's listing ceremony here today. iCents made its debut on the ACE Market with its share price opening at 29 sen, a five sen premium over its initial public offering (IPO) price of 24 sen, with 13.59 million shares traded. The group is mainly involved in providing cleanroom services, including engineering, procurement, construction, and testing, and the commissioning of cleanrooms catering to semiconductor and electronics manufacturing, data centres, pharmaceutical, and life sciences sectors. Ong noted that the company's new facility in Mantin, Negeri Sembilan, is expected to begin operations in the first quarter of next year, while the plan to tap local and international markets like Kuching, Sarawak and Jakarta, Indonesia, is expected to materialise within a year. He said that the clean room and facility service provider does not currently have a dividend policy but is planning to introduce one. "We are planning to allocate a payout of between 20 and 25 per cent of annual profits while balancing the need to retain funds for capital expenditure," he said. On the impact of tighter export controls, Ong said the group does not foresee any immediate effect on its business because most of its revenue comes from recurring sources.
The Star
6 days ago
- Business
- The Star
iCents shares rise 20% on ACE Market debut
From left: iCents independent non-executive director Michelle Marie Maman, independent non-executive director Law Sang Thiam, independent non-executive director Lim Teng Hong, substantial shareholder Faye Khor Fei Yi, managing director Ong Mum Fei (Vincent), executive director Foo Siang Leng, executive director Tan Wei Ying, independent non-executive chairperson Lim Bee Vian, Alliance Islamic Bank Bhd CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank Islamic capital markets head and senior vice-president of corporate finance Tee Kok Wah KUALA LUMPUR: iCents Group Holdings Bhd commenced trading at a 20.83% premium as it made its debut on the ACE Market of Bursa Malaysia following a successful initial public offering (IPO). As the buzzer signalled the start of trading, iCents' shares were traded at 29 sen each, five sen above their float price of 24 sen a share, with an opening volume of 13.59 million shares. iCents, a cleanroom and facilities services provider, is on a growth path, funded by the recent IPO, amid growing investments in data centres and continued expansion in electrical and electronics as well as pharmaceutical industires. "These sectors require cleanroom environments to maintain strict control over several parameters, which include among others, air quality, temperature, humidity and other conditions that are vital to ensuring product integrity," said iCents group managing director Ong Mum Fei (Vincent). To support its next phase of growth, iCents is setting up a facility in Mantin, Negeri Sembilan, acquiring machinery and equipment, and recruiting engineers to strengthen its operational capabilities. The group is also exploring geographical expansion into Jakarta, Singapore and Kuching. In a recent stock exchange filing, iCents reported it recorded a cumulative revenue of RM62.78mil and profit after tax (PAT) of RM6.88mil in the nine-month period ended March 31, 2025. After adjusting for the one-off listing expenses amounting to RM1.02mil during the period, adjusted PAT stood at RM7.90mil. As at June 5, 2025, the group's unbilled order book stood at approximately RM93.21mil.
The Sun
06-06-2025
- Business
- The Sun
iCents Group signs IPO underwriting agreement with Alliance Islamic Bank
KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has inked an underwriting agreement with Alliance Islamic Bank Bhd in conjunction with its initial public offering (IPO) en route to a listing on the ACE Market of Bursa Malaysia by July. It said in a statement the IPO encompasses a public issuance of 112.5 million new ordinary shares, representing 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing 6% of its enlarged issued share capital. 'Out of the 112.5 million issue shares, 25 million shares will be made available to the Malaysian public via balloting, with 10 million shares to its eligible directors, employees and persons who have contributed to the success of the group, 15 million shares will be made available by way of private placement to selected investors, while 62.5 million shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry,' it said. Additionally, 30 million offer shares will be for selected investors by way of private placement. Group managing director Ong Mum Fei said the signing of the underwriting agreement with Alliance Islamic Bank would provide the company with the financial resources and flexibility needed to accelerate its strategic growth plans. 'As we expand our capabilities, we are committed to enhancing our competitive position within Malaysia's cleanroom industry, as well as executing our geographical market expansion plans in Indonesia, Singapore and Sarawak, through the IPO proceeds,' he said. Meanwhile, executive director Foo Siang Leng said the outlook of the cleanroom industry is positive, supported by steady growth in the semiconductor and electronics, data centre, pharmaceutical and food and beverage sectors, alongside the initiatives under Malaysia's New Industrial Master Plan 2030. 'We aim to capitalise on these opportunities through our growing involvement in these key industries by expanding our operational capabilities, expanding market reach and broadening our product range and addressable markets,' he said. – Bernama
