30 November 2021

Crest Builder bags RM107.5m construction contract from Sime Darby Property

KUALA LUMPUR (Nov 29): Crest Builder Holdings Bhd said on Monday that it has bagged a construction contract for a service apartment with carpark worth RM107.5 million from Sime Darby Property (Ara Damansara) Sdn Bhd.

Crest Builder said in a bourse filing that its wholly-owned subsidiary Crest Builder Sdn Bhd has been awarded for the construction of one block service apartment with car park podium at Ara Damansara, Mukim Damansara, Daerah Petaling, Selangor Darul Ehsan.

The contract period is thirty-three months from Oct 22, 2021 to July 21, 2024.

Crest Builder said the contract is expected to contribute positively to the earnings of the group for the financial years ending Dec 31, 2021 and onwards.

Crest Builder closed one sen or 1.83% lower at 53.5 sen on Monday (Nov 29), valuing the group at RM96.42 million.

Source

 

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