CREST BUILDER HOLDINGS BHD
KLSE (MYR): CRESBLD (8591)
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Last Price
0.70
Today's Change
-0.70 (100.00%)
Day's Change
0.00 - 0.00
Trading Volume
5,000
IPO Info
Offer Period
Opening
Closing
Time Table
Allotment Date
Listing Date
Price
Issue Price
-
Units
-
Share Capital
0.000
No of Shares
Public Issue
-
Offer for Sale
-
Private Placement
-
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ISIN Code
-
Prospectus:
OFFER FOR SALE TO PUBLIC
I BY YONG SOON CHOW AND COMMERCE APPROACH SDN BHD ("COMMERCE APPROACH"), A NOMINEE OF MESSRS HORWATH (FORMERLY KNOWN AS MESSRS HORWATH MOK & POON) ("MESSRS HORWATH") WHO IS IN TURN, AN AGENT FOR THE CREDITORS OF MGR CORPORATION
BERHAD (SPECIAL ADMINISTRATORS APPOINTED) ("MGR") ("MGR CREDITORS") OF 16,200,000 ORDINARY SHARES OF RM1.00 EACH AT AN OFFER PRICE OF RM1.00 PER SHARE PAYABLE IN FULL ON APPLICATION ("SHARE OFFER") COMPRISING:-
- 7,900,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY FORMER SHAREHOLDERS OF MGR;
- 1,600,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY MALAYSIAN PUBLIC;
- 2,000,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY ELIGIBLE EMPLOYEES, DIRECTORS, CUSTOMERS, SUPPLIERS AND BUSINESS ASSOCIATES OF CREST BUILDER HOLDINGS BERHAD AND ITS SUBSIDIARIES; AND
- 4,700,000 ORDINARY SHARES OF RM1.00 EACH AVAILABLE FOR APPLICATION BY IDENTIFIED PUBLIC PLACEES.
II BY COMMERCE APPROACH, A NOMINEE OF MESSRS HORWATH WHO IS IN TURN, AN AGENT FOR THE MGR CREDITORS, TO SELECTED INVESTORS OF THE FOLLOWING:-
- RM100,000 NOMINAL VALUE OF 3-YEAR 3%-7% IRREDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2003/2006 AT 100% OF THE NOMINAL VALUE OF RM1.00 EACH PAYABLE IN FULL ON APPLICATION; AND
- RM100,000 NOMINAL VALUE OF 5-YEAR 1%-9% REDEEMABLE CONVERTIBLE UNSECURED LOAN STOCKS 2003/2008 AT 100% OF THE NOMINAL VALUE OF RM1.00 EACH PAYABLE IN FULL ON APPLICATION.
RIGHTS ISSUE TO EXISTING SHAREHOLDERS
RENOUNCEABLE RIGHTS ISSUE OF 24,000,000 WARRANTS 2003/2013 AT AN ISSUE PRICE OF RM0.30 PER WARRANT PAYABLE IN FULL UPON ACCEPTANCE ON THE BASIS OF 1.008 WARRANTS FOR EVERY FOUR (4) EXISTING ORDINARY SHARES OF RM1.00 EACH HELD PRIOR TO THE SHARE OFFER AT 5.00 P.M. ON 9 APRIL 2003
CrestBld-Definitions-Contents-Summary (675KB).pdf
CrestBld-IPO'sDetails-Risk (515KB).pdf
CresBld-FuturePlans-Directors-Mgmt-Moratorium (665KB).pdf
CrestBld-General Info (485KB).pdf
CresBld-Info On CBHBGrp (790KB).pdf
CresBld-Financial Info (500KB).pdf
CresBld-Accountants'-Directors'Report-Letter From RAM (575KB).pdf
CrestBld-Terms & Conditions Of ICULS (400KB).pdf
CresBld-Terms & Conditions Of RCULS & Warrants (770KB).pdf
Discussions
3 people like this. Showing 50 of 1,490 comments
If the latitude project is cancelled (which may not be a bad thing since the market is so soft right now) the key point would be the amount of compensation that would be paid out to Crest Builder. With the Prasarana chairman Tajuddin conflict of interest and MACC's potential investigation into this, it may be difficult for Crest Builder to get a good compensation for the cancellation.
2021-03-10 12:57
this type of economy, and comparing with other construction counters, i would not expect the quarter to be good. maybe borderline loss.
2021-05-21 09:40
My mind tell me not to touch construction but my eyes see depressed prices, took the plunge today for better or worst
2021-07-09 00:17
We are getting pulse after a heart attack. Infusing oxygen to stabilize patient
2021-07-21 11:41
but this is the support, defibrillator highest voltage, its now or never
2021-07-23 18:30
Undervalued bro. Look at their performance pre-covid.
Covid won't last forever. And best way to stimulate economy is still to build build build
2021-08-09 17:42
despite company losing money, the management reward themselves with bonuses. best nia ini.
2022-07-28 12:18
the family announce intention to trade! perhaps got new project coming?
2022-08-11 10:11
One recent interview on BFM. Positive assurance to be back on black this year.
https://www.bfm.my/podcast/morning-run/the-breakfast-grille/crest-builder-construction-property-developer-margins-fixed-contracts
2023-05-02 07:49
Don’t believe too much this fellow said in interview. You can check the last time what he said during previous interview & check what happened after that.
2023-05-02 08:25
Tajuddin Pasir Salak is out of UMNO & this company is also down as a contractor. Chinese family company. Used to get government jobs. NAPS has declined by 33% since 2020. Podcast in May 2023, now still losses.
2023-12-14 21:33
Crest Builders had a terrible decade with declining top line, bottom line and returns. From 2012 to 2018, the Group achieved an average ROE of 8%. From 2020 to 2023, the average ROE had declined to negative 11%.
https://i.postimg.cc/4NkPc3q8/Chart-1.png
This is obviously a company facing a turn around. The good signs are that its construction arm has a RM 2.2 billion order book as of 2022 and its property development arm has RM 2.2 billion gross development value of projects. And it is fianancial ok.
Its current losses are due to legacy projects and I think that it may take another 2 to 3 years to completely clean them. So while it is currently trading at less than half its book value, you will have to wait for the market to re-rate it.
For more insights refer to Is Crest Builder a value trap? https://www.youtube.com/watch?v=Jcw2GnCPXqY
2024-05-10 14:10
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CS Tan
4.9 / 5.0
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
tjengchen
Need to wait and see
2020-06-25 09:21