GDB’s legal actions over 8 Conlay job termination disputes face three-month pause
This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining order against their creditors.
This was after the court granted the pair (DCSB and KSK Land) and their parent KSK Group Bhd, another restraining order against their creditors.
The hospital will be the centrepiece of KL Wellness City, poised to be a world-class hub for both domestic and international healthcare and medical services, featuring centres of excellence across areas including cardiology, spine health, neuro health, sports medicine, cosmetic surgery and fertility.
The arbitration notice was filed in response to GDBSB’s notice of demand amounting to RM102.
In a statement on Wednesday (April 19), the construction services firm said that the purported determination is wrongful as the mandatory contractual procedures and notices prior to the determination have not been complied with.
GDB said it would resume façade work on Tower A, and that full work on the project will resume in early April 2023, provided Damai City meets the agreed terms and settles the outstanding amounts as scheduled.
The company said GDBSB would undertake these works for a two-storey ramped-up warehouse with the mezzanine level at each floor, a staff cafeteria facility, a show gallery, security guardhouses, a refuse chamber and an electrical substation.
GDB's wholly owned Grand Dynamic Builders Sdn Bhd filed the writ of summons and statement of claim to initiate the suit at the High Court here on Thursday (Oct 6).
KUALA LUMPUR (Feb 26): Construction services firm GDB Holdings Bhd's net profit for the fourth quarter ended Dec 31, 2020 rose 7.
KUALA LUMPUR (Jan 18): Hong Leong Investment Bank (HLIB) Research has initiated coverage of GDB Holdings Bhd at 98.