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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