Posted by Jimmy Song > 2015-03-18 14:30 | Report Abuse

Dear Editor, Please find the attached bursa link for your kind perusal. http://www.bursamalaysia.com/market/listed-companies/company-announcements/1906009With PRESS RELEASE FOR IMMEDIATE RELEASE CREST BUILDER AWARDED RM198 MILLION CONSTRUCTION CONTRACT BY UDA HOLDINGS BERHAD PETALING JAYA, 18 MARCH 2015 – Crest Builder Holdings Berhad (“CBHB” or the “Group”) announced today that it has been awarded a construction contract by UDA Holdings Berhad with a contract sum of RM197.8 million. The contract is for the construction of Super-Structure works of a 30 storey service apartments with 1 level podium and 8 levels of car park located at Seksyen 41, Jalan Sultan Ismail, Kuala Lumpur. (‘the Contract’) The duration of the Contract will span thirty months from the date of site possession, which has been set out as the 25 March 2015. The works stated within the Contract is expected to be completed by 24 September 2017. “We will continue with our plans in tendering for multiple construction jobs and we are confident that we will be able maintain a healthy construction order book moving forward.” commented Mr. Eric Yong, Executive Director of CBHB The Contract is expected to start contributing positively to the Groups earnings for the financial year ending 31 December 2015 and onwards. About Crest Builder Holdings Berhad CBHB was incorporated in Malaysia under the Companies Act, 1965 on 9th March 2002 as a public limited company. CBHB is principally an investment holding company and had successfully undertaken a Corporate and Debt Restructuring Scheme which involved taking over the listing status of MGR Corporation Berhad. CBHB was listed on the Main Board of Bursa Malaysia on 12th June 2003. The CBHB Group was founded in 1985 by Mr. Yong Soon Chow. What started out as a small timer of less than 10 staff has grown to a strong corporation of over 500 staff. Over the past 25 years, the CBHB group has carved a strong foothold in the local construction industry. With an in-depth industry experience, the CBHB group has a proven track record in the sector - especially in the commercial, residential and institutional building construction. The Group counts top branded developers and international property players amongst its clientele. With an good blend of experience and vibrant protégés in its management team, the CBHB group has moved along the supply chain and diversified beyond purely construction into other construction-related activities, such as property development, M&E services and project management - and most recently, upon completion of our RM300million maiden development 3 Two Square, the Group has also diversified into property management as well as car park management. With the vision to be the 'Preferred' organisation of choice by the partners and customers, the Group aspires to achieve distinction in the industry through prudent cost management, highest standards of quality and complete customer satisfaction. For more information, please log on to http://www.crestbuilder.com.my/