iCents sets ACE Market IPO at 24 sen

KUALA LUMPUR: Cleanroom and facility services provider iCents Group Holdings Bhd has launched its initial public offering (IPO) at 24 sen a share to raise RM27 million from the ACE Market of Bursa Malaysia. Application will close on July 2 and the company is scheduled for listing on July 17. The funds will be used to buy machinery and equipment, as well as for business expansion, product development, marketing activities, working capital and listing expenses.