KUALA LUMPUR: Bina Darulaman Bhd
(BDB) has proposed to acquire Gemi Puncak Sdn Bhd and Gemi Puncak Quarry Sdn Bhd for RM13mil.
In a statement, BDB said its subsidiary BDB Infra Sdn Bhd signed a share sale agreement with Gemi Puncak and Gemi Puncak Quarry.
Executive director Raja Shahreen Raja Othman said the acquisition plan was part of the group’s business growth strategy, particularly involving the engineering, construction, and quarry division.
“This acquisition plan will also further enhance BDB’s portfolio, contributing positively to the company’s net assets and net asset per share for the financial year ending Dec 31, 2023.
“In addition, it is also expected to have an impact on the company’s earnings per share for the same financial period,” he said.
Gemi Puncak Quarry, located in the Ulu Melaka, is the largest granite quarry in Langkawi covering 60 acres.
