RNG Tech Bhd, a Malaysian operator of vending massage chairs, has filed a prospectus for an initial public offering (IPO) on the Bursa Malaysia’s ACE Market. The company intends to raise RM16.4 million (approximately $3.5 million USD) through the IPO. These funds will be primarily used to finance the company’s expansion into regional markets. RNG Tech currently operates vending massage chairs in high-traffic locations, offering convenient massage services to the public. The IPO will allow RNG Tech to increase its machine count and broaden its geographical reach beyond Malaysia. Details regarding the IPO date and share price have not yet been disclosed. This move reflects a growing trend of Malaysian companies utilizing the stock market to fuel growth initiatives.