KL:GDB
An affiliate company of Permodalan Nasional Bhd (PNB) has awarded GDB Holdings Bhd (KL:GDB) with a contract to develop a logistics center Shah Alam, valued at RM865.66 million, over three times its market capitalisation of RM304.54 million.
The news supports a story from The Edge Malaysia which cited sources and said that GDB was near to landing a sizable contract to construct a warehouse in Shah Alam, Selangor.
The construction company declared in a filing with Bursa Malaysia on Friday that Strategic Sonata Sdn Bhd had awarded it a letter of award for the building of Plot B of the logistics hub.
Strategic Sonata granted construction behemoth IJM Corp Bhd (KL: IJM) plot A of the logistics center, according to a separate filing.
The news supports a story from The Edge Malaysia which cited sources and said that GDB was near to landing a sizable contract to construct a warehouse in Shah Alam, Selangor.
The construction company declared in a filing with Bursa Malaysia on Friday that Strategic Sonata Sdn Bhd had awarded it a letter of award for the building of Plot B of the logistics hub.
Strategic Sonata granted construction behemoth IJM Corp Bhd (KL: IJM) plot A of the logistics center, according to a separate filing.
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TP hit.
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The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.