GSB Properties

1 building on Homelore · Bandar Utama · completed 2011

A subsidiary of Kerjaya Prospek Property Berhad

Also known as GSB Properties Sdn Bhd

What we found

Bursa Malaysia's media centre records a change of name from GSB Group Berhad to Kerjaya Prospek Property Berhad, meaning the listed parent of GSB Properties Sdn Bhd no longer trades under the GSB name.

The evidence

2 claims across 1 area

Corporate continuity

Negative

In March 2019, Datuk Tee Eng Ho, Kerjaya Prospek's largest shareholder, was reported to be pursuing a reverse takeover of GSB Group Bhd after an earlier buyout offer failed, proposing to inject a RM1.2 billion mixed-use development on Jalan Kelang Lama in exchange for shares.

One more finding

In March 2019, GSB Group Bhd, the listed parent, was reported to have narrowed its net loss to RM2.22 million for the six months to 30 September 2018 and carried RM18.2 million of short-term debt against RM4.5 million of cash, while holding land for property development valued at RM74.45 million.

Their buildings

1 project we cover under this banner

Laman Ara Utama: a low-rise block seen from the street

8.0StrongLaman Ara Utama

Laman Ara UtamaBandar Utama · 2011Very low-density (45 units) leasehold condo praised for a peaceful, countryside-like setting and ground-floor private gardens; sold out within months of launch. Sits on the Kampung Kayu Ara fringe, which some buyers view as less polished.