$GDB (0198.MY)$ GDB Holdings has secured a contract worth RM...

GDB Holdings has secured a contract worth RM865.66 million to build a logistics hub in Seksyen 15, Shah Alam. The contract was awarded to its wholly owned Grand Dynamic Builders by Strategic Sonata, a company which is 70%-owned by Permodalan Nasional Bhd. The project is scheduled to start in June 2024 and be completed in 30 months, by December 2026. The announcement confirms earlier reports that GDB was close to securing a substantial contract to build a warehouse in Shah Alam, Selangor