GDB Holdings' Executive Director, Cheah Jun Kai, 35, is son of founder Cheah Ham Cheia
|GRAND DYNAMIC BUILDERS FILES HIGH COURT SUIT AGAINST KSK LAND SUBSIDIARY FOR UNPAID WORK|
GDB Holdings Berhad (“GDB”) was listed on the ACE Market of Bursa Malaysia in March 2018 and was transferred to the Main Market (Construction sector) on 24 April 2020. GDB's 100% owned subsidiary Grand Dynamic Builders Sdn Bhd prides itself as a pioneer of cutting-edge construction in Malaysia with a reputation of completing projects ahead of time with its innovative systems. Its other subsidiary GDB Geotechnics Sdn Bhd (“ Geotechnics”) has a Grade G7 licence from CIDB and is engaged in foundation engineering works like bored piling, earth retaining systems, soil treatment, earthworks and basement works.
The company is controlled by Cheah Ham Cheia, 66, who is also the Group Managing Director. He holds a Bachelor of Science in Engineering from University of Aberdeen, United Kingdom. Together with Alexander Lo Tzone Leong, 50, the Group Executive Director and the second largest shareholder with a stake of 21.07% of GDB Holdings Berhad, they have built up the company to be one of the reputable construction companies in Malaysia. For FYE 31 December 2021 GDB registered revenues o RM424.92 million and pre-tax profit of RM37.31 million.
New Gen on board GDB Holdings is Executive Director Cheah Jun Kai, 35, who joined the business in February 2013. He is the son of Cheah Ham Cheia. Jun Kai graduated with a Bachelor of Arts in Accounting from University of Hertfordshire, United Kingdom.
Grand Dynamic Builders was in the news lately when it sued KSK Land (6 Oct 2022) to recover RM120.69 million for unpaid work done on the prestigious 8 Conlay project in Kuala Lumpur. It was awarded the main contractor (RM1.25 billion contract) for the project in late 2020.
- The Edge. 18 August 2022. https://www.klsescreener.com/v2/news/view/1033119
- GDB Holdings Berhad. 2021 Annual Report. https://www.gdbhb.com.my/wp-content/uploads/2022/04/1.-ANNUAL-REPORT-2021.pdf