GDB unit bags Rm20.6mil job from Hua Yang

PETALING JAYA: Construction services company GDB Holdings Bhd’s subsidiary has secured a Rm20.67mil contract from Hua Yang Bhd’s unit to carry out piling and substructure work for the latter’s serviced apartment project in Puchong.

GDB Holdings said its 70%-owned GDB Geotechnics Sdn Bhd had secured the contract from Bison Holdings Sdn Bhd for the Aviary Residence@puchong Horizon project.

The contract entails bored piling and pile caps for two blocks of serviced apartments comprising the 36-storey, 565-unit tower one and 37-storey, 337-unit tower two.

The development will also include a common facilities podium, as well as a six-storey car park.

“The overall duration of the contract is for 21 months from the date of possession of site on Nov 18 and it is expected to contribute positively to the group for the duration of the contract,” it said in a filing with the stock exchange.

GDB Holdings group managing director

Cheah Ham Cheia said: “To win this contract in less than two months since GDB Holdings’ completion of the acquisition showcases the strong value proposition of being an enlarged group that is capable of offering integrated construction service.”

Cheah said the group’s new wins amounted to Rm885.97mil in the current year to date.

He said the group was positive on securing more substructure jobs, as it continues to leverage on GDB Geotechnics’ track-record and position in the high-rise construction space.