Selangor:iCents Group Holdings Bhd has secured a two-stage semiconductor wafer processing facility project valued at RM36.15 million, excluding sales and service tax (SST).

According to BERNAMA News Agency, the project involves engineering, procurement, construction, and commissioning (EPCC) works. iCents Group's wholly owned subsidiary, VC Engineering Sdn Bhd, received a letter of award from a Malaysian subsidiary of a United States-based company.

The first stage of the project, valued at RM21.05 million excluding SST, has been formally awarded and is expected to be completed in 18 weeks. The second stage, worth RM15.10 million excluding SST, has been outlined in the letter of award and awaits a subsequent written award notice.

The company emphasized that this project will enhance its presence in the semiconductor industry and its ability to deliver integrated EPCC solutions for advanced manufacturing facilities. iCents Group anticipates that the project will positively impact its net assets and earnings per share from the financial year ending June 30, 2027, onwards until completion.