GDB Holdings set for listing on ACE Market

PETALING JAYA: Construction services firm GDB Holdings Bhd has received approval from Bursa Malaysia Securities Bhd to list on the ACE Market, targeted for the first quarter of 2018.

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 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.

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

It has 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 has also obtained the QLASSIC, CONQUAS, BQUAS, SHASSIC, and Green 5-S programme certifications for various projects.

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