iCents wins RM36.15 million contract for Selangor semiconductor facility
The unnamed customer is a Malaysian subsidiary of a US-based company, with the contract covering Phase 1 of a four-phase development.
iCents Group Holdings Bhd has secured RM36.15 million in EPCC work for a turnkey semiconductor wafer processing facility in Selangor, the cleanroom services provider said in a bourse filing on Oct 12.
The company did not disclose the customer's identity, saying only that it is a Malaysian subsidiary of a US-based company. The facility is to be developed across four phases, with the awarded work covering Phase 1.
According to iCents, Phase 1 has two stages. Work valued at RM21.05 million makes up the first stage, which is scheduled for completion within 18 weeks. The second stage carries a value of RM15.01 million.
The group expects the project to benefit its earnings and net assets from the financial year that ends on June 30, 2027 through to completion.
iCents also said it would keep pursuing Malaysian opportunities, while selectively expanding in Thailand and Indonesia. Its stated focus includes semiconductors, data centres, pharmaceuticals and advanced manufacturing.
The company's shares ended trading at 83.5 sen, down 1.5 sen or 1.75%, giving it a market value of RM417.5 million.
