Last Friday, Crest Builder Holdings Berhad announced a proposed private placement of up to 30% of its share base to raise RM24.3 million. The proceeds of RM24.3 million are based on an indicative price of 50 sen per share, which Crest Builder said is a 9.5% discount to the five-day volume-weighted average price of its shares up to March 20 of 55.25 sen.
The Placement is to be undertaken by five individual subscribers - Eng Joe Yeow, Dato’ Joseph Lau, Len Min Sin, On Kok Kheng and Dato’ Wei Chuan Beng and the balance 632,267 shares to other third party investors to be named later. Upon completion, Dato Joseph will become a substantial shareholder of Crest Builder Holdings Berhad.
Mr Eng is an investor who's involved in timber and logging, as is Mr Len who's in HR. Mr Patrick On himself is in some real estate, construction and ID works and is an avid art collector. Dato Wei is an angel investor, and formerly the founder of REDTone International Berhad. Dato Joseph Lau meanwhile is the current Group CEO of Perdana ParkCity Sdn Bhd, the developer of the prestigious Desa ParkCity of which Crest Builder is currently building the Noora.
We are proud and honoured to be in the radar of the high net worth individuals and investors. There are plenty of synergy plus endless possibilities and prospects to be nurtured from these new shareholders, but I can only mention this much so far while we work out the details.
At Crest Builder, we’ve never been just builders—we’re creators of spaces, enablers of progress, and believers in transformation. What’s coming next isn’t just another project—it’s a statement, a vision, and a new chapter in our journey.
We’ve been working tirelessly behind the scenes, and soon, we’ll be ready to unveil what’s next. For now, just know this: the best is yet to come.
Stay tuned. Bigger things are coming. 🚧✨
BuildingTheFuture TheNextChapter ComingSoon StayTuned CrestBuilder GroomingThePropertyDivision
(Attached are pictures of Noora - from ground zero til now)
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