Company Background
The Company was incorporated in Malaysia on 9 August 2023 under the Act as a private limited company under the name of Crest Group Sdn Bhd and was subsequently converted to a public limited company on 8 December 2023 to facilitate the Listing.
The principal activity of the Company is investment holding while the Subsidiaries are principally involved in the provision of imaging, analytical and test solutions used primarily for quality inspection, sample analysis and R&D. The group provides their solutions to a wide range of industries including semiconductor, E&E, academic, automotive, oil and gas, aviation, life sciences and healthcare.
The group presently has offices in Malaysia, the PRC, Singapore and Thailand.
The Group structure upon Listing is set out below:
Use of proceeds
Setup of a new centralised headquarters - 34.45% (within 36 months)
Business expansion - 31.73% (within 36 months)
Purchase of additional demonstration equipment - 12.83% (within 36 months)
Expansion of technical support and maintenance team - 7.87% (within 36 months)
Estimated listing expenses - 13.12% (Within 3 months)
Setup of a new centralised headquarters - 34.45% (within 36 months)
The offices in Selangor are currently situated at 3 rented premises i.e. two in Puchong, Selangor and one in Subang Jaya, Selangor. The group intends to centralise all the offices in Selangor in a new headquarters (“New HQ”) located in Selangor. They intend to allocate RM15.76 million or 34.45% of the IPO proceeds to partially fund the acquisition of a property to establish the New HQ in Selangor and they expect the plan to be implemented within 36 months from the date of Listing. The setting up of their New HQ is to streamline and centralise the operations in the central region of Malaysia.
In addition, having a centralised location will also allow the management team to better manage the operations and resources. The group also plans to allocate approximately 186 sq. m. of their New HQ as the demonstration room for effective marketing and to better serve their clients. The demonstration room will house the existing and new equipment for demonstration purposes and will also function as a training room for us to conduct internal trainings with the employees.
Business expansion - 31.73% (within 36 months)
As part of the continuous efforts to grow the business, the group intends to utilise approximately RM14.52 million representing 31.73% of the IPO proceeds to expand their business and presence in these countries within 36 months from the date of their Listing.
The group plans to set up an office in Ho Chi Minh City, Vietnam to establish the Group’s presence in Vietnam, and one branch office each in Chengdu and Shenzhen for the expansion within the PRC. Additionally, they also plan to form an additional team for the existing branch office in Bangkok, Thailand to secure new customers involved in the life science and healthcare industries (industries which they do not serve in Thailand as at the LPD) and offer their services to these customers.
Purchase of additional demonstration equipment - 12.83% (within 36 months)
The group intends to allocate RM5.87 million or 12.83% of the IPO proceeds to purchase additional demonstration equipment consisting of 3 advanced imaging equipment and 3 sample management equipment for the demonstration rooms in their offices in Malaysia, the PRC and Thailand.
Expansion of technical support and maintenance team - 7.87% (within 36 months)
The group intends to allocate RM3.60 million or 7.87% of the IPO proceeds for the expansion of the after-sales services business segment, in particular the technical support and maintenance services they provide to their customers, by hiring additional headcount to handle the technical support and maintenance services.
Business Model
A summary of the business activities and business model is set out in the following diagram:
Click here to continue the IPO - Crest Group Bhd (Part 2)​​​
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