Bursa Announcements News

The Board of Directors of Gamuda Berhad (Company No. 29579-T) (“Gamuda” or “Company”) wishes to announce that Gamuda Engineering Sdn Bhd (Company No. 506869-K) ("Gamuda Engineering"), a wholly-owned subsidiary of the Company, has acquired one (1) ordinary share in Gamuda Building Ventures Sdn Bhd (formerly known as Imbangan Integrasi Sdn Bhd) (Company No. 1273882-D) (“Gamuda Building Ventures") representing 100% of the total issued share capital of Gamuda Building Ventures, for a total cash consideration of RM1.00 only ("Acquisition").

Following the Acquisition, Gamuda Building Ventures has become a wholly-owned subsidiary of Gamuda Engineering, which in turn is a wholly-owned subsidiary of Gamuda.

Gamuda Building Ventures was incorporated in Malaysia on 27 March 2018 as a private limited company under the company name, Imbangan Integrasi Sdn Bhd. On 1 October 2018, the company name was changed from Imbangan Integrasi Sdn Bhd to Gamuda Building Ventures. The total issued share capital of Gamuda Building Ventures is RM1.00 comprising one (1) ordinary share and the intended principal activity is to undertake infrastructure and building works.

None of the Directors and/or major shareholders of the Company and/or persons connected with them, has any interest, direct or indirect, in the Acquisition.

This announcement is dated 5 October 2018.