KUALA LUMPUR: Newly listed RNG Tech Bhd is targeting over 800 new vending massage chairs this year while growing its overseas business, powered by its proprietary digital operating system.
RNG Tech is Malaysia’s largest vending massage chair operator, widely known for running the “Rest N Go” brand.
RNG Tech managing director Datin Sophia Tan Sok Fei said: “At our core, we are a technology-driven company.
“Our in-house developed digital system called the Metre Reading System or MRS – integrated with our vending massage chairs, built-in Internet of Things boards and SIM (subscriber identity module) cards – currently supports our operations.
“It will also enable us to manage and scale our network more efficiently as we expand in high-traffic locations.
“This system has been the backbone of our rapid expansion and is one of the key strengths that sets us apart from others in the industry. Moving forward, we remain focused on enhancing our digital ecosystem and growing our presence across existing and new markets.”
At 9am yesterday, the vending massage chair operator debuted on the ACE Market at 13 sen, unchanged from its initial public offering (IPO) price, with 23.11 million shares traded.
RNG Tech was the most actively traded stock on Bursa Malaysia yesterday, with 110.4 million shares changing hands. The stock closed unchanged at 13 sen.
From the IPO proceeds of RM16.4mil, RNG Tech has allocated 29.9% for the set-up of new RNG Tech stations and RNG Tech premium outlets, while 13.3% has been earmarked for the refurbishment and upgrading of existing RNG Tech stations and RNG Tech premium outlets.
Concurrently, 6.1% has been allotted for marketing expenses, 18.3% for repayment of borrowings and 6.8% for working capital purposes. The remaining 25.6% will be utilised to defray listing expenses.
Tan said the company is currently the largest vending massage chair operator in Malaysia by revenue, with a 66.2% market share, and is also present in Vietnam and the Philippines via a licensing model.
She added that in the first quarter ended March 31, 2026, it recorded a revenue of RM16.9mil and net profit of RM3.4mil, with Malaysia remaining as the largest market, contributing 59.5% of total revenue.
Moving forward, the group expects to deploy over 800 self-service massage chairs across Malaysia and four Asean countries this year as part of its expansion strategy.
RNG Tech executive director and group chief financial officer Shin Kok Leong said the deployment comprises 360 chairs in Malaysia and 450 chairs across Singapore, Thailand, Cambodia and Brunei.
He added that the group will focus on high-traffic areas, including shopping malls, transport hubs, and airports.
“As for our other overseas markets, we only entered them in 2025, so our focus this year will be to grow those businesses. Concurrently, we remain committed to our domestic market by expanding into new locations and refurbishing our existing stations,” Shin told a press conference after the company’s listing ceremony yesterday.
He also revealed plans to expand RNG Tech’s overseas markets – particularly Thailand, its largest overseas market.
