RNG Tech To Deploy Over 800 Massage Chairs In Malaysia, Four ASEAN Countries To Drive Expansion
KUALA LUMPUR, July 7 (Bernama) -- RNG Tech Bhd aims to deploy more than 800 self-service massage chairs across Malaysia and four ASEAN countries this year as part of its expansion strategy after its listing on the ACE Market of Bursa Malaysia.
Executive director and group chief financial officer Shin Kok Leong said the deployment comprises 360 chairs in Malaysia and 450 chairs across Singapore, Thailand, Cambodia and Brunei.
Although the company has yet to identify the specific states or locations for the domestic deployment, it will focus on high-traffic areas.
"We do not have a specific location yet, but we will focus on high-traffic areas such as shopping malls, transport hubs and airports," he told a press conference after the company's listing ceremony here today.
At the opening gong, the company opened flat at 13 sen on its ACE Market debut on Bursa Malaysia, unchanged from its initial public offering price, with 23.11 million shares traded.
RNG Tech is Malaysia's largest vending massage chair operator, widely known for running the "Rest N Go" brand.
Its group managing director Datin Sophia Tan Sok Fei said the company is currently the largest vending massage chair operator in Malaysia by revenue, with a 66.2 per cent market share, and is also present in Vietnam and the Philippines via a licensing model.
She added that in the first quarter ended March 31, 2026 (1Q 2026), the company recorded revenue of RM16.9 million and net profit of RM3.4 million, with Malaysia remaining as the largest market, contributing 59.5 per cent of total revenue.
On revenue contribution, Shin said the company would focus on growing its overseas markets, particularly Thailand, which is currently its largest overseas market, contributing approximately 21.8 per cent of revenue, according to its 1Q 2026 financial results.
However, he said RNG Tech would also continue to focus on the domestic market by expanding to new locations and increasing its presence at existing stations.
The counter ended the day’s trading flat at 13 sen, with 110.45 million shares changing hands.
-- BERNAMA