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.
KUALA LUMPUR (Oct 26): GDB Holdings Bhd has executed a letter of intent (LoI) concerning the receipt of a RM1.
KUALA LUMPUR (June 19): GDB Holdings Bhd's net profit for the first quarter ended March 31, 2020 (1QFY20) fell 18.
KUALA LUMPUR (June 16): Construction services firm GDB Holdings Bhd is tendering for RM2.
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