Massage chair manufacturer and wellness technology company RNG Tech Berhad has commenced its initial public offering (IPO) exercise in conjunction with its planned listing on the ACE Market of Bursa Malaysia Securities Berhad.
The IPO application period opens today and will close on June 24, 2026, with balloting scheduled for June 26, 2026. Successful applicants will receive their IPO shares on July 3, 2026, ahead of the company’s tentative listing date on July 7, 2026.
The IPO involves a total of 204.88 million shares, comprising a public issue of 126.08 million new ordinary shares and an offer for sale of 78.8 million existing shares.
The shares are priced at RM0.13 each.
Under the public issue portion, 39.4 million new shares will be made available to the Malaysian public, while 11.82 million shares will be allocated to eligible directors and employees.
A further 74.86 million new shares will be placed with Bumiputera investors approved by the Ministry of Investment, Trade and Industry (MITI).
Meanwhile, the offer for sale comprises 23.64 million existing shares allocated to MITI-approved Bumiputera investors and 55.16 million shares to selected investors through private placement.
Upon completion of the IPO, RNG Tech is expected to have an enlarged share capital of 788 million shares.
Based on the IPO price of RM0.13 per share, the company will have an estimated market capitalisation of the enlarged share base upon listing.
The listing exercise is expected to provide RNG Tech with access to the capital market, enhance its corporate profile and support its future growth plans in the wellness and consumer technology sector.
RNG Tech is primarily involved in the massage chair industry, offering wellness products designed to cater to consumer demand for health, relaxation and lifestyle solutions.
