PETALING JAYA: iCents Group Holdings Bhd

has secured a contract worth RM36.15mil from a Malaysian subsidiary of a US-based company for the engineering, procurement, construction and commissioning (EPCC) works for the turnkey development of a semiconductor wafer processing facility in Selangor.

In a filing with Bursa Malaysia, iCents said the project comprises two stages.

Under Stage 1, valued at RM21.05mil, it said the project is estimated to be completed in 18 weeks and has been formally awarded. Stage 2, valued at RM15.10mil, has its scope of works identified in the contract and is subject to a subsequent written award notice from the employer.

“The project further strengthens the group’s presence in the semiconductor industry and reinforces its capabilities in delivering integrated EPCC solutions for advanced manufacturing facilities.

“Also, the project is expected to contribute positively to the net assets and earnings per share of the company and its group of companies for the financial year ending June 30, 2027 onwards, until the completion of the project.”