Crest Group announced that the public issue of 43,280,000 Issue Shares made available for application by the Malaysian public has been oversubscribed by 73.88 times.
The IPO involves the issuance of 43,280,000 Issue Shares was made available for application by the Malaysian public; 12,984,000 Issue Shares made available for application by eligible directors and employees; and 74,441,300 Issue Shares made available by way of private placement to identified Bumiputera investors approved by the Ministry of Investment, Trade and Industry ("MITI"),
A total of 33,826 applications for 3,240,825,700 Issue Shares were received from the Malaysian public, resulting in an overall oversubscription rate of 73.88 times. Specifically, a total of 15,594 applications for 1,177,355,000 Issue Shares were received for the Bumiputera portion, representing an oversubscription rate of 53.41 times. Meanwhile, a total of 18,232 applications for 2,063,470,700 Issue
MIDF Amanah Investment Bank Berhad, is the Principal Adviser, Sponsor, Underwriter and Placement Agent.
