GDB's Unit Secures RM877 Mln Works Contract In Selangor

KUALA LUMPUR, Nov 3 (Bernama) -- GDB Holdings Bhd's (GDB) wholly owned subsidiary Grand Dynamic Builders Sdn Bhd (GDBSB) has accepted a letter of award from Rochester Logistics Asset 2 Sdn Bhd  for a works contract worth RM877 million.

In a filing with Bursa Malaysia today, the construction group said GDBSB appointed as the main contractor to undertake the proposed demolition of the existing factory and the construction of two new five-storey logistic hub buildings at Sect 15, Shah Alam, Selangor.

"The contract shall commence on Nov 4, 2026 for a duration of 34 months and is scheduled for completion by Sept 3, 2029," it said.

GDB said barring any unforeseen circumstances, the contract is expected to contribute positively to the future earnings of GDB throughout the duration of the contract. 

"The contract is not expected to have any impact on the share capital or the shareholdings of the major shareholders of the group.

"GDB intends to finance the contract through internally generated funds and/or bank borrowings as may be required," it said.

In a separate statement, GDB executive director / acting group managing director Andy Lai Wee Young said securing a logistics facility of this scale reflects the confidence clients place in GDB’s execution capabilities and established track record of on-time and ahead-of-schedule delivery.

"Building on our strong base in Peninsular Malaysia, our strategic expansion into East Malaysia and across divers sectors including large-scale logistics, hospitals, premium residential, and civil infrastructure, creates a resilient portfolio for the group. 

"We aim to bring the GDB name to every part of the country and reinforce our position as a preferred national builder," it added.

According to GDB, the latest contract win enlarges GDB’s outstanding order book to a record RM2.93 billion.

-- BERNAMA