VC firm Hartamodal makes first investment in Malaysian-founded India based healthtech platform Connect and Heal, to support its home expansion
India’s leading managed care platform serving 6 million lives across 450 cities in India and is planning to bring proven model to Malaysia KUALA LUMPUR, July 14, 2025 – Three Malaysian siblings who left behind stable careers in strategic consulting and investment banking to revolutionise healthcare services are returning home with a proven business model, after […]
Franchise Expo Malaysia 2025 Aims for RM120 Million in Transactions Value and 18,000 visitors
Kuala Lumpur, 30 June – The Malaysian Retail Chain Association (MRCA) is targeting RM120 million in transaction value for the 8th Franchise Expo Malaysia (FEM) 2025, set to take place at the Kuala Lumpur Convention Centre (KLCC) from August 21 to 23. This represents a 20% increase from the RM100 million achieved in 2024, highlighting the […]
Expanded SST on Commercial Rental Expected to Impact Retail Sector
KUALA LUMPUR 12 June – The Malaysia Retail Chain Association (MRCA) acknowledges the recent announcement by the Ministry of Finance regarding the implementation of the expanded Sales and Service Tax (SST), which will take effect on July 1, 2025. The inclusion of commercial rental under the new SST scope, alongside selected goods and services, marks a […]
ICT ZONE ASIA sets IPO Price at RM0.20 to raise RM26.60 million in ACE Market Transfer, eyeing unbilled order book of RM500 mil post listing
KUALA LUMPUR 13 May — ICT Zone Asia Bhd (“ICT Zone Asia” or “the Group”; KLSE: ICTZONE (03038)), a rapidly growing provider of technology financing solutions, has launched its prospectus in conjunction with its transfer listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”). Priced at RM0.20 per […]
ICT Zone Asia moves forward with ACE Market IPO, appoints Malacca Securities and Kenanga Investment Bank as Joint Underwriters despite market volatility
KUALA LUMPUR (24 April) — Technology financing solutions provider, ICT Zone Asia Berhad (“ICT Zone Asia” or “the Group”; KLSE: ICTZONE (03038)) has signed an underwriting agreement with Malacca Securities Sdn Bhd and Kenanga Investment Bank Berhad for its transfer of listing from the LEAP Market to the ACE Market of Bursa Malaysia Securities Berhad. […]
Exit Offer Deemed Unfair; ICT Zone Asia’s Strong Financial Growth Signals Bright Future on ACE Market
KUALA LUMPUR, 20 MARCH 2025 – The unconditional voluntary take-over offer by ICT Zone Holding Sdn Bhd and Datuk Seri Ng Thien Phing (“Joint Offerors”) to acquire all the remaining 234,733,200 shares, representing approximately 35.43% of the total issued shares in ICT Zone Asia Berhad (“ICT Zone Asia”; KLSE: ICTZONE (03038)) owned by the minority […]
ICT Zone Asia Transfers to ACE Market, RM0.20 Exit Offer Ready for Shareholders
KUALA LUMPUR, Feb 18 – Technology financing (“TechFin”) solutions provider ICT Zone Asia Berhad (“ICT Zone Asia”; KLSE: ICTZONE (03038)) announced that it had on 17 February 2025 received a notice of unconditional voluntary take-over offer from Datuk Seri Ng Thien Phing and ICT Zone Holding Sdn Bhd to acquire all the remaining shares in […]
ICT Zone Asia receives Bursa approval for move to ACE Market
KUALA LUMPUR, JAN 24 – Technology financing (“TechFin”) solutions provider ICT Zone Asia Berhad (“ICT Zone Asia”; KLSE: ICTZONE (03038)) has received approval from Bursa Malaysia to transfer its listing from the LEAP Market to the ACE Market, according to its exchange filing. The company was initially listed on the LEAP Market in December 2020. […]
ICT Zone Asia’s 1H FY25 net profit soared 117%
KUALA LUMPUR, SEP 11 – Technology financing solutions provider ICT Zone Asia Berhad (“ICT Zone” or the group) saw its net profit for the 6-month financial period ending 31 July 2024 (“1H FY25”) more than double compared to the previous year, driven by higher gross profit from increased revenue in the technology financing (“techfin”) and […]
ICT Zone Asia achieved RM251.2 million orderbook
KUALA LUMPUR, MAY 31 – Technology financing solutions provider ICT Zone Asia Berhad achieved RM251.2 million in total unbilled orderbook for FY24, with a compound annual growth rate (CAGR) of 63.8% over a 3-year period. The LEAP market-listed group, which will seek shareholders’ approval to transfer to the ACE market at the upcoming EGM […]