Selangor:iCents Group Holdings Bhd has secured a significant semiconductor wafer processing facility project in Selangor, with a total potential contract value of RM36.15 million, excluding sales and service tax.

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

The letter of award details that stage 1 of the project, valued at RM21.05 million excluding SST, has been formally awarded and is expected to be completed within 18 weeks. Stage 2, valued at RM15.10 million excluding SST, has its scope of work outlined but awaits a subsequent written award notice from the employer.

This project strengthens iCents Group's presence in the semiconductor industry and underscores its ability to deliver integrated EPCC solutions for advanced manufacturing facilities. The company 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.