The Board of Directors of Gamuda Berhad announced the formation of a new wholly owned subsidiary, Intensif Inovatif Sdn Bhd (Company No. 1316540-A) ("Intensif Inovatif"). Intensif Inovatif is incorporated as a private company limited by shares with an initial issued share capital of MYR 1.00 representing one ordinary share which is fully subscribed and paid by Gamuda. The intended principal activity of Intensif Inovatif is to carry out property related businesses.