Latest news with #iCentsGroup
Malaysian Reserve
8 hours ago
- Business
- Malaysian Reserve
Cleanroom specialist iCents Group to raise RM27m from ACE Market IPO at 24 sen per share
CLEANROOM and facility services provider iCents Group Holdings Bhd (iCents Group) has launched its prospectus for an initial public offering (IPO) on the ACE Market of Bursa Malaysia, setting its issue price at 24 sen per share to raise RM27 million. The group's IPO exercise involves a public issue of 112.50 million new shares, representing 22.5% of its enlarged share capital, and an offer for sale of 30 million existing shares or 6.0% of the enlarged share capital. Upon listing, iCents Group will have a market capitalisation of RM120 million based on an enlarged share base of 500 million shares. Applications for the public issue are open from today and will close on July 2, 2025, at 5.00pm. The company is slated to debut on July 17, 2025. — TMR
The Star
11 hours ago
- Business
- The Star
ACE Market-bound iCents group eyes regional growth after listing
From left: iCents Group executive director Tan Wei Ying, executive director Foo Siang Leng, substantial shareholder Faye Khor Fei Yi, managing director Vincent Ong Mum Fei, independent non-executive chairperson Lim Bee Vian, Alliance Islamic CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank head and senior vice-president of coverage and origination of Islamic capital markets Lim Shueh Li KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd (iCents Group) plans to expand its operations to Singapore and establish new offices in Kuching and Indonesia following its listing on the ACE Market of Bursa Malaysia on July 17, 2025. Group managing director Vincent Ong Mum Fei said the company aims to expand to Singapore and is currently preparing a proposal. He added that funds raised from its initial public offering (IPO) will also be used to establish offices in Kuching and Indonesia, supporting its operations in these areas. "As for Kuching, we currently have ongoing service activities there, with two projects in progress. After the IPO, we also plan to set up an office to serve the Kuching market and expanding our product range is always important," he said at the press conference held in conjunction with the company's prospectus launch. iCents Group aimed to raise RM27 million from its IPO, and of the proceeds, RM4.68 million would be utilised for the purchase of machinery and equipment, RM3.02 million for business expansion, RM1.72 million for product development, RM1.5 million for marketing activities, RM12.09 million for working capital and RM4 million for estimated listing expenses. Ong said the company would be setting up a facility in Mantin, Negeri Sembilan, this year. Meanwhile, Ong said iCents Group has not seen any immediate impact from the tariff imposed by the United States. The company's cleanroom services cater to the semiconductor, electronics, data centres, pharmaceutical, and life sciences sectors, among others. "We have not seen any immediate impact from the new tariffs. Currently, many companies, especially in the semiconductor sector, are taking a 'wait and see' approach. "That said, there has been a minor impact on capital expenditure," he said. In a statement released today, iCents Group said its IPO exercise encompassed a public issuance of 112.50 million new ordinary shares, representing approximately 22.50 per cent of its enlarged issued share capital upon listing, as well as an offer for sale of 30 million existing shares, representing approximately six per cent of its enlarged issued share capital. Out of the public issue of 112.50 million issue shares, 25 million issue shares will be made available to the Malaysian public via balloting, and 10 million issue shares will be made available to its eligible directors, employees and persons who have contributed to the success of the group. Another 15 million issue shares will be made available through private placement to selected investors, while the remaining 62.50 million issue shares will be made available by way of private placement to Bumiputera investors approved by the Ministry of Investment, Trade and Industry. "Additionally, all 30 million offer shares to be offered for sale will be offered to selected investors by way of private placement," it added. Following the prospectus launch, applications for the public issue are open from today and will be closed on July 2, 2025, at 5 pm. Alliance Islamic Bank Bhd is the principal adviser, sponsor, sole underwriter and placement agent for the IPO exercise. - Bernama
The Star
06-06-2025
- Business
- The Star
iCents appoints Alliance Islamic Bank as underwriter for ACE Market IPO
From left: iCents Group executive director Tan Wei Ying, executive director Foo Siang Leng, managing director Ong Mum Fei (Vincent), Alliance Islamic Bank CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia Bhd group chief corporate and institutional banking officer Teoh Chu Lin, and Alliance Islamic Bank head and senior vice-president of coverage and origination of Islamic capital markets Lim Shueh Li KUALA LUMPUR: iCents Group Holdings Bhd, which is embarking on an ACE Market initial public offering (IPO), has inked an agreement with Alliance Islamic Bank Bhd for the underwriting of 35 million shares made available to the Malaysian public and to eligible persons under pink form allocations. iCents and its subsidiaries are primarily engaged in cleanroom construction and technical services as well as the manufacture of cleanroom fixtures and the supply of cleanroom equipment. iCents' IPO entails a public issuance of 112.5 million new ordinary shares, representing approximately 22.5% of its enlarged issued share capital, as well as an offer for sale of 30 million existing shares, representing approximately 6% of its enlarged issued share capital. Out of the issue shares, 25 million shares will be made available to the Malaysian public via balloting and 10 million shares to eligible directors, employees and persons who have contributed to the success of the group. A further 15 million shares will be made available by way of private placement to selected investors, while the remaining 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, Additionally, the 30 million shares on offer for sale will go to selected investors by way of private placement. "The IPO will provide us with the financial resources and flexibility needed to accelerate our 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,' said iCents group managing director Vincent Ong Mum Fei in a statement. iCents is scheduled to be listed on the ACE Market by July 2025. Alliance Islamic Bank will serve as the principal adviser, sponsor, sole underwriter, and placement agent for the IPO exercise.
