ONG EU JIN PARTNERSHIP ADVISES RNG TECH BERHAD ON ITS ACE MARKET LISTING
Congratulations to RNG Tech Berhad (RNG Tech) on its successful listing on the ACE Market of Bursa Malaysia Securities Berhad (Bursa Malaysia) on 7 July 2026.
RNG Tech, through its subsidiaries, is principally involved in the provision of vending massage services, the provision of vending massage chair rental plans, and the licensing of vending massage services business.
Upon listing on the ACE Market of Bursa Malaysia, RNG Tech has a market capitalisation of approximately RM102.4 million based on its issue price of RM0.13 per share.
The initial public offering (IPO) raised approximately RM16.4 million, with proceeds earmarked mainly for the set-up of new RNG stations and RNG premium outlets, the upgrade and refurbishment of existing RNG stations and RNG premium outlets, marketing expenses and repayment of borrowings.
Our firm is proud to have played a part in the listing exercise as the IPO solicitors for RNG Tech.
Have aspirations to get your company listed? Please contact us at [email protected].
More information on the listing can be found at:
The Star:
