MGR CORPORATION BERHAD

MGR CORPORATION BERHAD

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Company Overview

Business Summary
The CBH Group is principally involved in the construction business, with its focus on infrastructure and building work such as the construction of roads, bridges, universities, colleges, staff quarters, hostels and residential colleges.
Description and history
The Company (CBH) took over the listing of MGR Corporation Bhd, a Second Board company which had been principally engaged in timber extraction and integrated timber activities (manufacture of timber related products and marketing of timber). MGR transferred its listing status to CBH as part of a restructuring scheme undertaken by MGR. Upon the listing of CBH, CBH disposed of MGR’s entire issued and paid-up share capital to the latter’s Special Administrators and/or MGR Creditors’ Agent and/or their nominees.

The CBH Group is principally involved in the construction business, with its focus on infrastructure and building work such as the construction of roads, bridges, universities, colleges, staff quarters, hostels and residential colleges. The Group has also undertaken specialised projects such as the construction of beach nourishment and island formation, water circulation, airport apron control tower and hospitals. About 90% of the construction projects carried out by the Group comprise projects undertaken by government or quasi-government bodies. Other activities comprise property investment and development.

Projects: As at 11.4.03, the Group has completed projects with a contract value of about RM1.3b and has on-going and future secured projects worth approx. RM443m. Examples of completed specialised projects are Kuala Lumpur International Airport Apron Control Tower, Damansara Specialist Hospital and Ampang Puteri Specialist Hospital.

A reorganization scheme involving MGR CORPORATION BERHAD and CREST BUILDER HOLDINGS BERHAD took place in June 2003. The corporate structure and business of MGR CORPORATION BERHAD have been reorganized. Former MGR CORPORATION BERHAD stockholders received shares in CREST BUILDER HOLDINGS BERHAD. The listing status of MGR CORPORATION BERHAD on the Official List of Kuala Lumpur Stock Exchange has been transferred to CREST BUILDER HOLDINGS BERHAD. MGR CORPORATION BERHAD has been consequently delisted on June 12th, 2003. The financials below are those of MGR CORPORATION BERHAD until date of the reorganization. (Source: BvD, January 2004)

Business Line

Subsidiary

Advisor
PRICEWATERHOUSECOOPERS
IPO date
12/9/1992
US SIC Code
2499
Company Address
G/F WISMA AMAN MILE 1
1/2 JALAN TURAN
City province or state postal code
88400, 88400 KOTA KINABALU
Phone: +60 3 88 239 006
Fax: +60 88 230 063
Country address: MALAYSIA
Website url: www.jaring.my/mgr