<div class=newsTextDataWrapInner><p>KUALA LUMPUR (July 24): GDB Holdings Bhd shares rose 3.08% at mid-morning today after the firm together with its wholly-owned unit Grand Dynamic Builders Sdn Bhd bought a 70% equity interest in Eco Geotechnics Sdn Bhd for RM5.96 million.</p></div>

<div class=newsTextDataWrapInner><p>At 10.20am, GDB gained 1 sen to 33.5 sen for a market capitalisation of RM209.38 million.</p></div>

<div class=newsTextDataWrapInner><p>The purchase is to be made using internally-generated funds and will be completed in the fourth quarter of this year.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>The group purchased the shares from Eco Geotechnics director Goh Eng Ngai, who holds an 84% stake, Tan Loo Loo (10%), and Wong Choo Keong (6%).</p></div>

<div class=newsTextDataWrapInner><p>GDB said the acquisition will enable it to benefit from Eco Geotechnics' speciality in bored piling and foundation works.</p></div>

<div class=newsTextDataWrapInner><p>See also: <a href="https://www.theedgemarkets.com/article/gdb-buys-70-stake-piling-firm" target="_blank">GDB buys 70% stake in piling firm</a></p></div>


GDB Holdings Bhd shares rose 3.08% at mid-morning today after the firm together with its wholly-owned unit Grand Dynamic Builders Sdn Bhd bought a 70% equity interest in Eco Geotechnics Sdn Bhd for RM5.96 million.

At 10.20am, GDB gained 1 sen to 33.5 sen for a market capitalisation of RM209.38 million.

GDB up 3.08% on buying 70% stake in piling firm

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...

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Bond yields, which move inversely to prices, have climbed in recent weeks as signs of persistent inflation erode ex...

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