Latest news with #RM39.68
Borneo Post
26-06-2025
- Business
- Borneo Post
iCents Group aims to raise RM27 million from ACE Market IPO
Ong (fourth from left) during the prospectus launch. KUALA LUMPUR (June 26): Cleanroom and facility services provider iCents Group Holdings Berhad is looking to raise RM27 million from its initial public offering (IPO) on the ACE Market to support its business expansion plans. The group through its subsidiaries specialises in cleanroom services, covering engineering, procurement, construction, and testing and commissioning of cleanrooms. It also manufactures cleanroom fixtures and related products. Managing Director Vincent Ong Mum Fei said the company is now ready to enter a new phase of growth after a decade of experience and a proven track record in delivering cleanroom projects for multinational corporations. He said the proceeds from the IPO will support key initiatives such as purchasing machinery and equipment to boost its in-house manufacturing capabilities, expanding its presence in markets like Indonesia, Singapore, and Sarawak, and meeting working capital needs. Executive Director Foo Siang Leng said they are confident in the long-term prospects of iCents Group. He added that growth and investment in data centres and high-value industries such as electronics and electrical, pharmaceuticals and others will continue to drive demand for cleanroom services, which are critical in ensuring product integrity and process reliability in sensitive manufacturing operations. 'With growing demand across these industries, we believe our integrated capabilities position us strongly to grow alongside the nation's technology driven ambitions,' he said. As of June 5, 2025, iCents Group recorded an unbilled order book of RM93.21 million, with RM53.53 million from its cleanroom services segment and RM39.68 million from its other facility services segment. The IPO involves a public issue of 112.5 million new ordinary shares, representing about 22.5 per cent of its enlarged issued share capital, along with an offer for sale of 30 million existing shares, representing about 6 per cent. Of the RM27 million proceeds, RM4.68 million will be used to purchase machinery and equipment, RM3.02 million for business expansion, RM1.72 million for product development, RM1.5 million for marketing, RM12.09 million for working capital, and RM4 million to cover listing expenses. Based on the IPO price of RM0.24 per share and an enlarged issued share capital of 500 million shares, iCents Group will have a market capitalisation of RM120 million upon listing. Following the launch of the prospectus, applications for the public issue opened on Wednesday and will close on July 2 at 5pm. The company is scheduled to be listed on the ACE Market of Bursa Securities on July 17. Alliance Islamic Bank Berhad is the Principal Adviser, Sponsor, Sole Underwriter, and Placement Agent for the IPO. corporate news iCents Group Holdings Berhad IPO prospectus launch
The Sun
09-05-2025
- Business
- The Sun
Delivery platform allegedly cancels customer's order worth RM39 without refund
A Malaysian recently claimed that their order was allegedly cancelled by a delivery platform without being refunded. The customer's order totaled RM39.68, comprising five food and beverage items. A Reddit post included screenshots of a conversation with the delivery platform's customer service, in which the representative stated that the order had been cancelled by the platform without offering much clarification. Regarding the refund, the customer service representative said the nature of the cancellation was 'non-refundable' and that the platform was allegedly unable to process a refund for the customer. The customer sought further details from the agent but was allegedly told that such information was 'not allowed' to be shared. ALSO READ: Malaysian woman receives food orders worth over RM200 seven months later Furthermore, the agent informed the customer that the platform was unable to accommodate their request after reviewing the case. After continued insistence, the customer service agent assured the customer that the issue would be escalated to upper management and confirmed that another agent would follow up. Moments later, the customer was informed that the cancellation occurred because the 'relevant team' had contacted another individual during the delivery process. However, the individual reached via the other phone number reportedly informed the team that they were the wrong person and had no knowledge of the order, further reiterating that a refund could not be issued. The customer then responded to the agent's claim, alleging that the individual had confirmed they were not contacted by the platform. Nevertheless, the agent repeated the earlier claim that the team had contacted the wrong number. 'As advised, I'm unable to offer any refund. 'I also checked to see if I can provide any exceptions. However, I'm unable to do so. 'Therefore, I'll end the chat now,' the customer service agent stated. Netizens urged the customer to report the issue to the relevant authorities, while others expressed anger at the delivery platform's alleged mishandling of the matter. Several users also claimed to have had similar experiences with the same platform, where their refunds were allegedly not processed properly, resulting in significant financial losses.
