Crigen Resources expands investor access and achieves public listing with 1X.
Aesthetics, Health & Wellness
Malaysia
>100
2003
“The listing on 1X furthers our capabilities to strengthen our business as we work towards our long-term goal of a public listing.”
Dennis Tan, managing director and founder of Crigen
Company Background
Established in 2003, Crigen Resources Limited (CRL) is a wellness and aesthetics company based in Malaysia. CRL operates seven outlets across Malaysia, serving a loyal customer base of members and retail clients. CRL has also diversified its business through two associate companies, contributing to various sectors of the Malaysian economy. Currently, CRL's business focuses on five key areas: Aesthetics, Meridian, ECP, Body Therapy, Wellness & Spa Supplies, and Wellness Properties.
1X's Role
1X was chosen to be the private listing partner of Crigen Resources in 2020 during the COVID-19 period. Due to pandemic restrictions, 1X facilitated an online listing process. Market participants in the listing could also access, review and execute processes online securely.
The listing made approximately 28% of Crigen's existing shares tradable as private equities. This listing enhanced Crigen's investor outreach, increased market visibility, and prepared Crigen for their public listing in 2022 on the National Stock Exchange of Australia.
