KUALA LUMPUR : Construction company GDB Holdings Bhd (GDB) has bagged a RM20.67 million contract to be the main contractor to undertake piling and substructure works for Aviary Residence @ Puchong Horizon. In a filing with Bursa Malaysia today, GDB said its newly acquired 70 per cent owned subsidiary, GDB Geotechnics Sdn Bhd (GGSB) had accepted the letter of award and supplementary agreement from SNA Consult Sdn Bhd, a wholly-owned subsidiary of Hua Yang Bhd, on behalf of Bison Holdings Sdn Bhd. GDB said the contract entails bored piling and pile caps for two blocks of serviced apartments comprising, a 36-storey 565-unit Tower 1 and 37-storey 337-unit Tower 2. Moving forward, we are buoyant on securing more substructure jobs, as we seek to continue leveraging on GDB Geotechnics’ track-record and our leading position within the high-rise construction space,” Cheah said. On October 2019, GDB completed the acquisition of 70 per cent controlling stake in GDB Geotechnics, a construction contractor specialising in geotechnical and foundation engineering works, for purchase consideration of RM5.96 million.

Source: New Strait Times November 14, 2019 11:41 UTC