- Following approvals from Securities Commission Malaysia (SC) and Bursa Malaysia Securities Berhad (Bursa Malaysia), the Group is set to transfer to Main Market on Friday, 24 April 2020
- The Group’s transfer status in just two years aligns corporate image to growing project portfolio
Selangor, Malaysia, 21 April 2020 – Construction services group GDB Holdings Berhad (GDB, Bloomberg: GDB:MK, Reuters: GDBH.KL) is set to transfer its entire issued share capital from the ACE Market to the Main Market of Bursa Malaysia on Friday, 24 April 2020, having received the green light from the SC and Bursa Malaysia, vide letters dated 17 April 2020 and 20 April 2020 respectively. Securities Commission Malaysia (SC) and Bursa Malaysia Securities Berhad (Bursa Malaysia)
|“In just two years since being listed on ACE Market, our graduation to the Main Market of Bursa Malaysia certainly marks our coming of age, and is a testament to our steadfast commitment in building on our stellar track-record and growing project portfolio. GDB’s enhanced profile as a Main Market listed entity befits not only our larger order book of RM1.15 billion as at 31 December 2019, but also our extensive project portfolio. This includes works in East Malaysia, and other building segments of hospitality and automotive sector, on top of our core competency in delivering high-rise premium residential and commercial buildings. Moving forward, we aim to continue to strengthen GDB’s position as the builder of choice, whilst we navigate through these volatile unprecedented times and boost shareholders’ value from greater investor participation by tapping into a broader investing community, especially the institutional funds.” Mr. Cheah Ham Cheia (谢汉正)|
Group Managing Director of GDB Holdings Berhad
Since being incorporated in 2013, GDB via its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd, is principally involved in the provision of construction services, focusing on high rise residential, commercial and mixed development projects as main contractor and principal works contractor.
Through its ethos of “early completion whilst adhering to the most exacting quality, safety, and environmental standards”, GDB has delivered numerous iconic buildings throughout Klang Valley.
The Group also added bored piling and foundation works to its in-house capabilities via a 70% acquisition of Eco Geotechnics Sdn Bhd, now known as GDB Geotechnics Sdn Bhd, in October 2019.
In the financial year ended 31 December 2019, the Group secured its highest new contract wins in a single financial year with RM953.9 million worth of new jobs. The new projects secured by GDB in 2019 includes Perla Ara Sentral in Ara Damansara, Park Regent in Desa ParkCity, 5-star Hyatt Centric hotel in Kota Kinabalu, Hap Seng Star Mercedes-Benz Autohaus in Setia Alam as well as piling and substructure works for Aviary Residence in Puchong Horizon.
GDB was listed on the ACE Market of Bursa Malaysia on 27 March 2018.
About GDB Holdings Berhad (www.gdbhb.com.my)
Established since 2013, GDB has two subsidiaries namely, 100%-owned Grand Dynamic Builders Sdn Bhd (GDBSB) and 70%-owned GDB Geotechnics Sdn Bhd (GDB Geotechnics), formerly known as Eco Geotechnics Sdn Bhd.
GDBSB is an integrated construction group that are specialised in building sizable high- rise construction projects, with emphasis on environment, quality, and safety. GDBSB is equipped with multiple certifications such as ISO 9001:2015 Quality Management System, ISO 14001:2015 Environmental Management System, and OHSAS 18001:2007 Occupational Health and Safety Management System. GDBSB has also obtained the QLASSIC, CONQUAS, BQUAS, SHASSIC, and Green 5-S programme certifications for its various projects.
On top of that, GDBSB is registered with the Construction Industry Development Board (CIDB) of Malaysia as a Grade G7 contractor, which allows GDBSB to tender for projects with unlimited value in the categories of general building, general civil engineering, and mechanical works. GDBSB also obtained the Sijil Perolehan Kerja Kerajaan as a Grade G7 contractor that enables it to participate in tenders for Government projects with contract value of RM10.0 million and above.
Its 70%-owned subsidiary, GDB Geotechnics, extends the Group’s in-house capabilities to include geotechnical and foundation engineering works. This comprises bored, caisson and micro piling solutions, diaphragm walls, earth retaining systems, soil treatment, earthworks, basement works as well as general construction.
GDB Geotechnics also holds a Grade 7 License from the CIDB of Malaysia.
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