ICents Group secures RM36.15 million EPCC contract in Selangor

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ICents secures Selangor EPCC contract

Highlights

iCents Group secured an RM36.15 million EPCC contract for the turnkey development of a semiconductor wafer processing facility in Selangor, awarded by the Malaysian subsidiary of a U.S. company.
Phase 1 of the project, valued at RM36.15 million, is divided into two stages, with the first stage worth RM21.05 million scheduled for completion within 18 weeks and the second stage worth RM15.01 million.
The contract is expected to contribute positively to iCents’ earnings and net assets for the financial year ending 30 June 2027, while iCents shares closed at 83.5 sen, down 1.75%.

This article was translated from the original. Read the original version by our correspondent here.

Contract details and implementation schedule

As reported by The Edge Malaysia, iCents secured a RM36.15 million contract to carry out engineering, procurement, construction and commissioning works for the turnkey development of a semiconductor wafer processing facility in Selangor.

The contract was awarded by the Malaysian subsidiary of a U.S.-based company, although the company’s identity was not disclosed. According to managing director Vincent Ong Mum Fei, the contract marks another important step in strengthening the company’s presence in the semiconductor industry.

The facility will be built in four phases, with Phase 1 valued at RM36.15 million and divided into two stages. The first stage, worth RM21.05 million, is scheduled for completion within 18 weeks, while the second stage covers works worth RM15.01 million.

Impact on earnings and growth strategy

The project is expected to contribute positively to iCents’ earnings and net assets for the financial year ending 30 June 2027 and beyond. This is in line with the group’s efforts to strengthen its position in industries requiring high specifications.

Besides semiconductors, iCents is also focusing on data centres, pharmaceuticals and advanced manufacturing, while pursuing opportunities in Malaysia and expanding its regional presence in Thailand and Indonesia. iCents shares closed at 83.5 sen, down 1.5 sen or 1.75%.

In our earlier coverage of semiconductor allocations in the Budget 2027, we discussed the RM1.2 billion injection by Khazanah Nasional Bhd and KWAP to help local companies move into higher-value segments under the National Semiconductor Strategy. We also highlighted the focus on strengthening the microelectronics ecosystem, including initiatives that significantly benefit Selangor and support from strategic funds to accelerate the growth of industry players and advanced manufacturing.

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