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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
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