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NEWS UPDATES
 
Date: 04 March 2011

General Announcement

Submitting Merchant Bank
:
CIMB INVESTMENT BANK BERHAD
Company Name
:
CREST BUILDER HOLDINGS BERHAD
Stock Name
:
CRESBLD
Date Announced
:
04/03/2011


Type
:
Announcement
Subject
:
TRANSACTIONS (CHAPTER 10 OF LISTING REQUIREMENTS)
NON RELATED PARTY TRANSACTIONS

Description
:
CREST BUILDER HOLDINGS BERHAD ("CREST BUILDER" OR "COMPANY")

PROPOSED DISPOSAL BY CREST BUILDER SDN BHD ("CBSB" OR "VENDOR"), A WHOLLY-OWNED SUBSIDIARY OF CREST BUILDER, OF A PARCEL OF LEASEHOLD LAND LOCATED IN MUKIM OF SUNGAI BULOH, DAERAH OF PETALING, NEGERI SELANGOR FOR A TOTAL CASH CONSIDERATION OF RM57,525,336 ("PROPOSED DISPOSAL")


Announcement Details/Table Section :

On behalf of the Board of Directors of Crest Builder, we, CIMB Investment Bank Berhad, wish to announce that Crest Builder is proposing to undertake the Proposed Disposal. We enclose herewith a copy of the announcement in respect of the Proposed Disposal.

This announcement is dated 4 March 2011.



ATTACHMENT

- Ann_proposed disposal.pdf

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