Crest Builder unit bags RM57mil electrical works contract
KUALA LUMPUR: Crest Builder Holdings Bhd's wholly owned unit Cbtech (M) Sdn Bhd has secured a RM56.88 million contract to undertake electrical works for a commercial development in Bandar Sri Damansara, Selangor.
Crest Builder Holdings Bhd's wholly owned subsidiary, Cbtech (M) Sdn Bhd, has been awarded a RM56.88 million contract for electrical works on a commercial development in Bandar Sri Damansara, Selangor. The contract, issued by Pesona Metro Sdn Bhd, a unit of Pesona Metro Holdings Bhd, is to be undertaken as the nominated subcontractor for Phase 1A and Phase 1C of the project, which include a 14-storey retail mall and a 40-storey office tower, respectively.
The works, which involve supply, delivery, installation, testing, commissioning, and maintenance of electrical services, are set to commence on September 1, 2026, with a completion date of March 17, 2028. Crest Builder anticipates that the contract will positively impact the group's earnings for the financial year ending December 31, 2026 and subsequent years.
As of the midday trading session, the company's shares remained unchanged at 44 sen, with a total trading volume of 161.40 million shares, valued at RM98.96 million.
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