GDB Holdings Bhd set for listing on ACE Market of Bursa

KUALA LUMPUR: Construction services firm GDB Holdings Bhd (GDB) has received approval from Bursa Malaysia Securities Bhd (Bursa Malaysia) to list on the ACE Market.

Established since 2013, GDB has completed construction works for several projects in Kuala Lumpur, namely KL Eco City (Parcel B) and One Central Park.

The group is currently working on several high value projects such as Westside III, Etiqa Office Tower, AIRA Residence and Menara Hap Seng 3.

GDB holds a Grade G7 License from the Construction Industry Development Board of Malaysia which allows it to tender for projects with unlimited value, as well as Sijil Perolehan Kerja Kerajaan that enables it to participate in tenders for Government jobs.

GDB is involved in the implementation of large-scale construction projects, with strong emphasis on environment, quality, and safety.

The group is equipped with multiple certifications such as ISO 9001:2015 Quality Management System, ISO 14001:2015 Environmental Management System, and OHSAS 18001:2007 Occupational Health and Safety Management System.

GDB successfully obtained the QLASSIC, CONQUAS, BQUAS, SHASSIC, and Green 5-S programme certifications for various projects.

Barring unforeseen circumstances, GDB targets to list on the ACE Market of Bursa Malaysia in the first quarter of 2018.

Alliance Investment Bank Bhd is the principal adviser, sponsor, sole underwriter, and placement agent for the initial public offer exercise.