MALAYSIA —VC Engineering Sdn Bhd, a wholly-owned subsidiary of iCents Group Holdings Berhad, has formally accepted a letter of award valued at RM36.15 million, to undertake comprehensive engineering, procurement, construction, and commissioning works. The project involves the turnkey development of a semiconductor wafer processing facility located in Selangor, commissioned by the Malaysian subsidiary of a United States-based enterprise. iCents Group Holdings Berhad is a publicly traded corporate entity listed on the ACE Market of Bursa Malaysia Securities Berhad, specializing in integrated engineering and advanced infrastructure solutions.
The awarded undertaking is structured into two distinct operational phases. Stage 1 represents an allocated value of RM21.05 million and is projected for completion within an 18-week timeframe, with formal execution already initiated. Stage 2 encompasses remaining defined scopes valued at RM15.10 million, which remain contingent upon a subsequent formal written notice from the employer.
This major contract award significantly bolsters the contractor's positioning within the high-technology manufacturing sector, validating its operational capability to deliver sophisticated industrial infrastructure. For the regional industrial landscape in Selangor, the development contributes to the expansion of domestic semiconductor supply chains and advanced processing capacities, aligning with broader technological manufacturing growth in Southeast Asia.
Financially, the development is anticipated to yield positive contributions to the group's net assets and earnings per share starting from the financial year ending June 30, 2027. Corporate leadership notes that the undertaking involves standard operational risks common to industrial engineering projects, with normal mitigation protocols in place, requiring no external regulatory or shareholder approvals.
