Tuesday 23 Apr 2024
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KUALA LUMPUR (Nov 5): Crest Builders Holdings Bhd announced today it has secured a construction works contract worth RM90 million from Gelanggang Harapan Construction Sdn Bhd.

The contract is for the construction of super-structure works of an office building located along Persiaran Barat, Seksyen 52 Petaling Jaya, Selangor.

In a filing with Bursa Malaysia today, Crest Builder said its wholly-owned subsidiary Crest Builder Sdn Bhd was awarded the contract by Gelanggang Harapan Construction

It said the contract period set out in the letter of award is 19 months from the date of site possession on Nov 3 for completion by June 3, 2016.

The group expects the contract to contribute positively to earnings for the financial year ending December 31, 2014 and onwards.

Shares of Crest Builder remained unchanged at RM1.49 with 531,100 units traded throughout the day, giving it a market capitalisation of RM245.65 million.

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