Integrated facilities management service provider, GFM Services Bhd (GFM) and its subsidiary companies has announced the proposed acquisition of approximately 49 per cent stake in a downstream oil and gas (O&G) player, Highbase Strategic Sdn Bhd (HSSB).
Facility management services provider GFM Services Bhd plans to widen its oil and gas (O&G) services' scope by acquiring a 49% stake in downstream O&G company Highbase Strategic Sdn Bhd (HSSB) for RM1.
Integrated facilities management service provider GFM Services Bhd is diversifying into the maintenance business in the oil and gas sector.
GFM Services Bhd has acquired a 49% stake in a loss-making oil and gas contractor as the integrated facilities management service company seeks to broaden its revenue base.
IN a bid to boost its order book and to be the first in line, integrated facilities management (IFM) company GFM Services Bhd is submitting unsolicited proposals to the government to carve out non-core activities and outsource them to private service providers.
GFM Services Bhd’s net profit for the first quarter ended March 31 (1QFY19) almost doubled to a record high of RM5.53 million for the company, thanks to revenue contribution from a recent acquisition, new contracts secured and renewals and extensions of contracts with better rates, it said in an announcement today.
Read MoreGFM Services Bhd's posted a strong set of first quarter results mainly due to the facilities management services and is upbeat on the outlook for remaining year with an order book of RM1.38bil at March 31, 2019.
With the recent acquisition of KP Mukah Development Sdn Bhd (KPMD), GFM Services Bhd is now on a stronger financial footing as the purchase of the university concessionaire is set to catalyse and ramp up the group’s future earnings.
GFM Services Bhd has bagged two contracts worth a total of RM69 million from Bank Negara Malaysia (BNM) for the pro- vision of comprehensive facilities manage- ment services at selected BNM'S premises.
GFM Services Bhd's, wholly-owned subsidiary, Global Facilities Management Sdn Bhd, has clinched two contracts amounting to RM69 million from Bank Negara Malaysia.
Integrated facilities management service provider GFM Services Bhd has clinched two contracts worth a total of RM69mil from Bank Negara.
Global Facilities Management Sdn Bhd, anak syarikat milik penuh GFM Services Bhd, memperoleh dua kontrak bernilai RM69 juta daripada Bank Negara Malaysia (BNM) bagi penyediaan perkhidmatan pengurusan fasiliti secara komprehensif di premis terpilih.
GFM Services Bhd's wholly-owned subsidiary, Global Facilities Management Sdn Bhd, has clinched two contracts worth RM69 million from Bank Negara Malaysia (BNM) for the provision of comprehensive facilities management services at selected premises.
GFM Services Bhd's wholly-owned subsidiary, Global Facilities Management Sdn Bhd, has clinched two contracts worth RM69 million from Bank Negara Malaysia (BNM) for the provision of comprehensive facilities management services at selected premises.
GFM Services Bhd has won two contracts from Bank Negara Malaysia to provide comprehensive facility management services at selected premises of the bank for a combined value of RM69 million.
GFM Services Bhd has secured two contracts from Bank Negara for the provision of comprehensive facilities management services at selected premises operated by the central bank.