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RNG Tech Makes Muted ACE Market Debut After RM26.63 Million IPO

By Abigail Cheong4 min read

Kuala Lumpur, 7 July 2026 – RNG Tech Berhad made a muted debut on the ACE Market of Bursa Malaysia after raising RM26.63 million from its initial public offering, with investors giving the vending massage chair operator a cautious start despite moderate oversubscription.

The stock opened at 13 sen, unchanged from its IPO price, before rising to an intraday high of 13.5 sen in early trade. At 9.08am, RNG Tech was trading at 13 sen, matching its issue price, with more than 38 million shares changing hands.

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Author

  • I am Abigail, a journalist at The Ledger Asia, covering business and finance with a focus on the Malaysian Stock Market and key economic developments across Asia. Known for clear, accessible reporting, I deliver insights that help readers understand market trends, corporate movements, and regional news shaping the Asian economy.