KUALA LUMPUR (Feb 12): GDB Holdings Bhd (KL:GDB) said its wholly-owned subsidiary Grand Dynamic Builders Sdn Bhd has obtained a favourable High Court judgment against KSK Land Sdn Bhd, which is in liquidation, to recover amounts owed for works on the 8 Conlay project. In a bourse filing, GDB said the court awarded Grand Dynamic Builders RM102.08 million, together with interest of 5% annum on RM93.39 million until full settlement and RM80,000 in costs. The dispute traces back to late payments under a RM1.25 billion contract for the 8 Conlay mixed development, where Grand Dynamic Builders was the main contractor. Damai City Sdn Bhd subsequently terminated the contract, leading Grand Dynamic Builders to file a fresh suit in May 2023 to recover RM102.08 million and initiate adjudication proceedings. Grand Dynamic Builders’ adjudication proceedings against Damai City commenced in October 2024, while it had earlier filed a winding-up petition against KSK Land in January 2024.

Source: The Edge Markets February 12, 2026 13:31 UTC