UCrest Berhad announced a private placement of 70.48 million common shares at an issue price of MYR 0.09 per share for the gross proceeds of MYR 6.3432 million on April 14, 2023. The transaction is expected to close by the third quarter of 2023.

On May 30, 2023, the company announced that the price per share for the first tranche is fixed at MYR0.0935.