Crest Group which saw its debut on the ACE market on a positive note, had investors picking up the shares giving the price a boost to 39.5 sen from its IPO price of 0.35 sen.

The 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"),