If they r get 14Billion project, then Why is the CEO/MD/PRESIDENT SOON CHOW YONG disposed his shares on 3/5/12 5,000,000 share? (source from thestaronline)
Now take a look at Crest Builder Holdings [ CRESBLD ] TP of $1.49 cents...now please see that this good money earning counter..
excellent NTA is $2.20 cents now ; stupendous EPS of 24.6 cents per share ; perfect PERatio of 5.21 ......so to sum it up this Crest Builder Holdings share is really UNDERVALUE.
The Board of Directors of CBHB wishes to announce that its wholly owned subsidiary, Crest Builder Sdn Bhd & its joint venture partner Tindakan Juara Sdn Bhd, acting under an incorporated Consortium known as Landasan Bayu Sdn Bhd, had on 27 June 2012 received a Letter Of Intent dated 25 June 2012 from Lembaga Getah Malaysia (“MRB”) on the above proposed joint venture development.
The Salient Terms of the Letter of Intent are as follows:-
1) A Joint Land Development Agreement shall be executed between MRB and Landasan Bayu Sdn Bhd whereby Landasan Bayu Sdn Bhd shall undertake to carry out the Development and MRB as the landowner.
2) The proposed development is a mixed commercial development which comprises of a retail mall, upscale premium serviced residential suites, SOFO suites and offices. The expected Gross Development Value of the Development is RM 1,332,677,650.
3) MRB shall be entitled to RM 299,852,471, in a combination of cash and completed property entitlement.
The Proposed Joint Venture Development will not have any significant effect on the earnings or net assets of CBHB for the financial year ending 31 December 2012, and the share capital of the Company. However, it is expected to contribute positively to the future earnings of CBHB.
The risk factors for the Proposed Joint Venture Development will include but not limited to those associated with changes in the economic and regulatory conditions such as changes to cost of funding and taxes.
None of the Directors and/or major shareholders of the Company, or persons connected with them have any interest, direct or indirect, in the Proposed Joint Venture Development.
CREST BUILDER HOLDINGS BERHAD (“CBHB” OR THE “COMPANY”)
I. PLACEMENT OF NEW ORDINARY SHARES OF RM1.00 EACH IN CBHB REPRESENTING UP TO TEN PERCENT (10%) OF THE ISSUED AND PAID-UP SHARE CAPITAL OF THE COMPANY (“PLACEMENT”); AND II. PROPOSED BONUS ISSUE OF NEW WARRANTS IN CBHB ON THE BASIS OF THREE (3) WARRANTS FOR EVERY TEN (10) EXISTING ORDINARY SHARES OF RM1.00 EACH IN CBHB HELD ON AN ENTITLEMENT DATE TO BE DETERMINED LATER (“PROPOSED BONUS ISSUE OF WARRANTS”)
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messiBarca
598 posts
Posted by messiBarca > 2012-05-03 15:35 | Report Abuse
y this stock keep rising? takeover?