iCents to use IPO proceeds for expansion plan

From left: iCents Group executive director Tan Wei Ying, executive director Foo Siang Leng, substantial shareholder Faye Khor Fei Yi, managing director Vincent Ong Mum Fei, independent non-executive chairperson Lim Bee Vian, Alliance Islamic CEO Rizal IL-Ehzan Fadil Azim, Alliance Bank Malaysia group chief corporate and institutional banking officer Teoh Chu Lin and Alliance Islamic Bank head and senior vice-president of coverage and origination of Islamic capital markets Lim Shueh Li.

KUALA LUMPUR: iCents Group Holdings Bhd has launched its prospectus in conjunction with its listing on the ACE Market of Bursa Malaysia, which is scheduled for July 17.

The initial public offering (IPO) is expected to raise proceeds of RM27mil.