KUALA LUMPUR: Pentech Holdings Bhd is eyeing further growth in its recurring incomes business pursuant to its listing on the ACE Market of Bursa Malaysia next month.
The company derives slightly over 20% of its total financial year 2025 (FY25) revenue from recurring incomes mainly from provision of cloud and managed services.
“We have looked into the recurring incomes business since 2017 – whereby we offered cloud services to the market which comes with a subscription basis.
“We have also introduced maintenance contracts with the market – which is the after-sales services for the software and systems solutions.
“These have grown tremendously in the last four years and are expected to grow double digits in the near future,” Pentech’s managing director and chief executive officer Yeoh Chin Ming said yesterday.
He noted the growth in recurring incomes will usually move in tandem with the one-off projects since its clients would often need after-sales support for any information, communications and technology (ICT) infrastructure projects.
The Penang-based ICT solutions provider is aiming to raise RM34.4mil from its initial public offering (IPO).
This is based on the IPO price of 20 sen per share and through the public issuance of 171.995 million new shares whereby Public Investment Bank Bhd is the principal adviser, sponsor, sole underwriter and sole placement agent.
The proceeds raised from the public issue will be utilised mainly for the expansion of its business.
