GDS Global Limited has announced plans to hold an Extraordinary General Meeting (EGM) on 29 May 2026 to seek shareholder approval for the acquisition of Asiabuild Metal Engineering and Integrated Aluminium. The acquisition, valued at up to S$30m, will be settled through the issuance of up to 375 million new shares at S$0.08 each, with additional shares issued to cover S$2.4m in debt from Integrated Aluminium.
The acquisition is a strategic move for GDS, a leading provider of door and shutter solutions in Singapore and Southeast Asia, to diversify its offerings into structural steel, metal engineering, and architectural aluminium solutions. This expansion is expected to enhance GDS’s capabilities and broaden its customer base within Singapore’s construction and infrastructure sectors.
Asiabuild Metal Engineering and Integrated Aluminium, both part of the Teambuild Construction Group, have a strong track record in public housing, institutional, commercial, and industrial projects. They bring expertise in structural steel fabrication, aluminium façade systems, and architectural metal works, which will complement GDS’s existing business.
Tang Hee Sung, Non-Executive Non-Independent Chairman of GDS, stated, “This Proposed Acquisition marks a significant milestone in GDS’s strategic growth plans as we expand beyond our established door and shutter systems business into adjacent engineering and building solutions sectors.”
The acquisition is anticipated to provide immediate revenue contributions, with the targets having a combined net profit after tax of S$1.6m in 2025 and S$1.9m in 2024. SAC Capital Private Limited is advising GDS on the transaction.
