Kuala Lumpur, 7 July 2026 – Operator of the “Rest N Go” brand of vending massage chair services, RNG Tech Berhad (“RNG Tech” or the “Company“), made its debut on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities“) today. The stock is categorised under the Consumer Products & Services sector and carries the stock name of RESTNGO, with stock code 0465.
At the opening bell, RNG Tech’s shares opened at RM0.13, unchanged from its initial public offering (“IPO“) issue price, with an opening volume of 23.1 million shares.
Commenting on the listing, Managing Director of RNG Tech, Datin Sophia Tan Sok Fei (拿汀陈淑菲), said, “Today’s listing marks a significant milestone in RNG Tech’s
growth journey. We are grateful for the confidence and support shown by our investors, which reflects the strength of our market position, established ‘Rest N Go’ brand and long-term growth prospects.”
“The funds raised from the IPO will accelerate our expansion plans, strengthen operational capabilities and enhance customer experience. Our technology-enabled operating platform, supported by our meter reading system and RNG app, allows us to manage and scale our network more efficiently as we expand in high-traffic locations. Moving forward, we remain focused on enhancing our digital ecosystem and growing our presence across existing and new markets.”
“As at 18 May 2026, we own and operate 5,611 vending massage chairs across our network. As part of our future plans, we have earmarked an additional 1,570 vending massage chairs for deployment in Malaysia and overseas.”
In terms of financial performance, the Group started the new financial year on a strong note. For the first quarter ended 31 March 2026 (“Q1 FYE 2026”), RNG Tech recorded revenue of RM16.9 million and net profit of RM3.4 million. Malaysia remained its
largest market, contributing approximately 59.5% of total revenue. Thailand was the Group’s largest overseas market at approximately 21.8%, followed by Singapore at approximately 12.8%.
Notably, RNG Tech’s net profit for Q1 FYE 2026 alone accounted for more than 50% of its full year net profit in the financial year ended 31 December 2025 (“FYE 2025”). The stronger performance was supported by higher contribution from Thailand, where the Group had secured successful bids in late 2025 to establish RNG stations at locations managed by Lotus Thailand and Big C Thailand. These have enabled RNG Tech to progressively expand across multiple high-traffic locations.
In FYE 2025, RNG Tech recorded revenue of RM49.3 million and net profit of RM6.0 million.
As part of its commitment to delivering long-term shareholder value, RNG Tech has adopted a dividend policy of distributing at least 30.0% of its annual net profit, subject to future funding requirements and other relevant considerations.
From the IPO proceeds of RM16.4 million, the Group has allocated RM4.9 million (29.9%) for the set-up of new RNG stations and RNG premium outlets, RM2.2 million (13.3%) for the refurbishment and upgrading of existing RNG stations and RNG premium outlets, RM1.0 million (6.1%) for marketing expenses, RM3.0 million (18.3%) for repayment of borrowings and RM1.1 million (6.8%) for working capital purposes. The remaining RM4.2 million (25.6%) will be utilised to defray listing expenses.
Datin Sophia Tan concluded, “As Malaysia’s largest vending massage chair operator by revenue, RNG Tech has built a strong operating platform and regional footprint under the “Rest N Go” brand. Our presence across countries with large population bases places us in a good position to capitalise on the growing demand for convenient and accessible wellness solutions.”
M & A Securities is the Adviser, Sponsor, Underwriter and Placement Agent for the IPO exercise.
