KUALA LUMPUR (Feb 13): iCents Group Holdings Bhd (KL:ICENTS) has secured two subcontracts to provide air-conditioning and mechanical ventilation system works, and another to upgrade a Tenaga Nasional Bhd (KL:TENAGA) substation, worth RM29.38 million in total.

The two air-conditioning and mechanical ventilation system jobs will be undertaken for data centre projects, and are worth RM10.13 million each, according to a bourse filing on Friday. They are expected to be completed on Aug 20.

Meanwhile, the substation upgrade subcontract, which also includes additional electrical works, is worth RM9.12 million and slated for completion by Dec 31.

iCents said the subcontracts were awarded to its unit VC Engineering Sdn Bhd by undisclosed construction companies.

iCents, which listed on the ACE Market of Bursa Malaysia in July last year, provides cleanroom services, including engineering, procurement, construction, and testing and commissioning of cleanrooms catering to semiconductor and electronics manufacturing, data centre, pharmaceutical and life sciences sectors.

Shares in iCents ended one sen or 2.17% lower at 45 sen on Friday, valuing the company at RM225 million. Against its initial public offering price 24 sen, the counter has gained 87.5%.