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April 01, 2015 5:55 PM ET

Construction and Engineering

Company Overview of Gabungan AQRS Berhad

Company Overview

Gabungan AQRS Berhad, an investment holding company, provides integrated construction and engineering services in Malaysia. It operates through Construction and Property Development segments. The company designs and constructs commercial, residential, and government buildings, including schools and government complexes; and offers civil engineering construction services comprising construction of roads, bridges, flyovers, and interchanges. It is also involved in the residential and commercial property development activities. Gabungan AQRS Berhad was incorporated in 2010 and is based in Petaling Jaya, Malaysia.

G-58-1, Blok G

Jalan Teknologi 3/9

Bistari ‘De’ Kota

Kota Damansara, PJU 5

Kuala Lumpur,  47810

Malaysia

Founded in 2010

Phone:

60 3 6141 8870

Fax:

60 3 6141 8871

Key Executives for Gabungan AQRS Berhad

Gabungan AQRS Berhad does not have any Key Executives recorded.

Gabungan AQRS Berhad Key Developments

Gabungan AQRS Berhad Announces the Appointment of Lam Vun Chiang as Executive Director, Effective March 18, 2015

Gabungan AQRS Berhad announced the appointment of Lam Vun Chiang as executive director, effective March 18, 2015. Lam has more than 20 years experience in the investment banking industry primarily involved in equity sales. He has served with various investment banks including Hong Leong Investment Bank Berhad, Affin-UOB Securities Berhad and AA Anthony Securities Sdn Bhd. Prior to joining the company, he was the deputy director of Malaysia Priority Financial Services at RHB Investment Bank Berhad.

Gabungan AQRS Berhad Announces the Resignation of Meriah Binti Nasibi as Executive Director

Gabungan AQRS Berhad announced the resignation of Meriah binti Nasibi as executive director, effective March 18, 2015.

GBGAQRS Enters into a Joint Venture Agreement with Suria Capital Holdings Berhad for the Purpose of Commercially Developing Parcel of Prime Land

The Board of Directors of GBGAQRS announced that the company has on 16 March 2015 entered into a joint venture agreement with Suria Capital Holdings Berhad for the purpose of commercially developing a parcel of prime land within Kota Kinabalu Port area measuring approximately 7 acres forming part of the piece of master land of 23.25 acres held under Title No. 017561689, situated at Jalan Tanjung Lipat, Kota Kinabalu, Sabah into a mixed development currently provisionally known as One Jesselton Waterfront comprising the development of residential units, retail units/shopping mall, office towers, the Retail Mall, Suria Corporate Office, service suites, service apartments and car parks (or such other components as Suria Capital and GBGAQRS may mutually agree upon in writing) as more particularly provided for in the JVA. Under the JVA, both Suria Capital and GBGAQRS have agreed to enter into an unincorporated joint venture for the proposed development upon the terms and conditions as stipulated in the JVA. The salient features of the JVA are as follows: Suria Capital shall provide the Development Land to GBGAQRS for the purpose of the project free from all encumbrances or caveats and with vacant possession. The parties agreed to co-operate exclusively with each other to undertake the project as a joint venture upon the terms and subject to the conditions of the JVA. The parties agreed for the net sale value of the Project to be shared between Suria Capital and GBGAQRS based on the ratio of 18% (Suria Capital): 82% (GBGAQRS) respectively. The parties also agreed that with the assumption of: an approved floor area ratio of 1:4; and a development footprint of the Development Land measuring 7 acres, the project shall carry a minimum NSV of MYR 1.1 billion and the minimum return to Suria Capital is MYR 198 million, which represents at least 18% of the NSV.

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Recent Private Companies Transactions

Type
Date
Target
Buyback
November 18, 2014
--
Merger/Acquisition
May 19, 2014
Gabungan AQRS Capital Sdn Bhd
 

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