Our website is made possible by displaying online advertisements to our visitors.
Please consider supporting us by disabling your ad blocker.

CRESBLD

0.945

(%)

OTHERS AWARD OF CONTRACT

CREST BUILDER HOLDINGS BERHAD

Type Announcement
Subject OTHERS
Description
AWARD OF CONTRACT

1.0   Introduction

We are pleased to announce that Crest Builder Sdn Bhd, a wholly owned subsidiary of Crest Builder Holdings Berhad ("Crest Builder" or the "Company") has been awarded a contract by Glomac Segar Sdn Bhd for the Proposed Plaza @ Kelana Jaya Mixed Commercial Development at Lot 72710, Jalan SS 7/13A, SS7, Petaling Jaya, Selangor Darul Ehsan for a contract sum of RM 155.1million) (the "Contract").

 

2.0   Duration of The Contract

The contract period set out in the letter of acceptance is twenty-four months (24) from 15 November 2019 to 14 November 2021.

 

3.0   Share Capital and Substantial Shareholder's Shareholdings

The Contract will not have any effect on the issued and paid-up share capital of Crest Builder and on the substantial shareholder's shareholdings of Crest Builder.

 

4.0   Earnings and Net Tangible Assets ("NTA")

The Contract is expected to contribute positively to the earnings of the Group for the financial years ending 31 December 2019 and onwards.

 

5.0   Director's and Substantial Shareholder's Interest

As far as the Directors of the Company are aware, none of the Directors and/or substantial shareholders of Crest Builder and/or any persons connected to the Directors and substantial shareholders of Crest Builder have any interest, direct or indirect in the Contract.

 

6.0   Statement by The Directors

The Directors of the Company are of the opinion that the acceptance of the Contract is in the best interest of the Company.

 

This announcement is dated 15 October 2019.

 






Announcement Info

Company Name CREST BUILDER HOLDINGS BERHAD
Stock Name CRESBLD
Date Announced 15 Oct 2019
Category General Announcement for PLC
Reference Number GA1-14102019-00056