GDB gets court enforcement on RM83 mil adjudication award involving 8 Conlay project payments
The adjudication decision was secured earlier in February this year and comprised RM76.
The adjudication decision was secured earlier in February this year and comprised RM76.
The shares will be issued at 41.
As at end-June, GDB’s order book stood at RM990 million, providing earnings visibility through to FY2026.
Revenue could hit a new record high of nearly RM800 million this year from working on Metrohub 4 in Klang, Logistics Hub Plot B in Shah Alam, and KL International Hospital in Bukit Jalil out of total jobs on hand worth RM1.
GDB's group managing director, Cheah Ham Cheia, is the company's largest shareholder.
“As a result of the above decision, the adjudication decision has been enforced by virtue of Section 28 of the Construction Industry Payment and Adjudication Act 2012 as if it is a judgement or order of the High Court.
The sum comprises RM76.
The Metrohub 4 project is GDB’s second logistics warehouse project secured from SDPLOG this year, following the successful completion of Metrohub 1 in the same area in August 2024.
This was, however, just a little over half of the RM102.
The construction firm announced that its wholly owned subsidiary, Grand Dynamic Builders Sdn Bhd (GDBSB), had accepted a letter of award for the construction of Plot B of a logistics hub from Strategic Sonata Sdn Bhd.