ACE Market-bound Crest Group in expansion mode, upbeat on tech sector growth

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KUALA LUMPUR: Crest Group Bhd, which is en route to a listing on the ACE Market of Bursa Malaysia Securities, is optimistic about the growth of the se...

From left: Crest Group executive director Yap Kian Meng, chairman Ahmad Tajudin Omar, Lim, MIDF Amanah Investment Bank Bhd deputy CEO Datuk Seri Diraja Nur Julie Gwee Ariff, chairman Datuk Mohd Nasir Ali and Crest Group executive director Ethan Au.

“The semiconductor sector alone contributes about 60% of our revenue, and we are quite positive in achieving consistent, if not higher, contribution from this segment,” he told reporters after the launch of its initial public offering prospectus today. The IPO shares have been classified as syariah-compliant, and the company plans to target a dividend payout ratio of at least 30% of its annual profit after tax attributable to shareholders.“Today, our company is a formidable player in the imaging, analytical, and test solutions industry.

“We are actively identifying suitable office spaces and will gradually begin recruiting new personnel. In terms of increasing our headcount to cater for our future growth, we will be adding new sales staff for our new offices in Vietnam and China, as well as in our existing Thailand office.”

 

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