Corporate Structure
The key subsidiary of GDEX, GD Express Sdn Bhd (GDSB) was incorporated in Malaysia on 21 June 1995 as a private limited company and commenced its operations on 1 March 1996. In Year 2000, a new management team led by Mr Teong Teck Lean took over the helm at GDSB and undertook a major revamp exercise by transforming GDSB into an established Express Carrier service provider. Since then, GDSB has expanded its business aggressively on both the express delivery and Customised Logistics Solutions services.
GDEX was incorporated in Malaysia on 7 October 2003 as a private limited company. It was subsequently converted to a public company on 8 November 2003. On 21 November 2003, GDEX entered into an agreement with GD Express Holdings (M) Sdn Bhd, to acquire GDSB and GD Technosystem Sdn Bhd (GDTech). Upon completion of the Acquisition on 8 February 2005, GDSB, GDTech and GD Venture (M) Sdn Bhd (GDV), via GDSB, became wholly-owned subsidiaries of GDEX.
GDTech is responsible for providing IT support services to the Group's entire network system, whereas GDV is principally engaged in operating and maintenance of most of the Group's fleet of trucks and vans.
On 21 November 2005, GDEX incorporated a wholly owned subsidiary in Singapore, namely GD Express (Singapore) Pte. Ltd. This subsidiary has commenced operation in February 2007 and its principal function is to improve the delivery performance of the Group in Singapore and to facilitate cross-border transactions between Malaysia and Singapore.
On 15 December 2005, GDSB acquired the entire issued and paid-up share capital of GD Materials Distribution Sdn. Bhd. ("GD Materials"). Following the acquisition, GD Material becomes a 100% wholly owned indirect subsidiary of GDEX.
On 21 December 2009, the Group undertook the following transactions:
- acquisition of the entire issued and paid-up share capital of GD Logistic (M) Sdn. Bhd ("GD Logistic") and GD Facilities & Assets Management Sdn. Bhd. ("GD Facilities") by GDEX;
- acquisition of the entire issued and paid-up share capital of GD Distribution Services Sdn. Bhd. ("GD Distribution") and GD Customised Solution Sdn. Bhd. ("GD Customised") by GD Logistic; and
- the transfer of the entire issued and paid-up share capital of GDV and GD Materials from GDSB to GDEX and GD Logistic respectively.
On 2 April 2010, GD Materials changed its name to "GD Secured Solutions Sdn Bhd".
On 28 September 2010, GDEX acquired the entire issued and paid-up share capital of GDEX Regional Alliance Pte. Ltd. ("GDRA") for a total cash consideration of S$2.00.
On 21 December 2012, GDEX acquired the entire issued and paid-up share capital of GD Valueguard Sdn. Bhd. ("GD Valueguard") for a total cash consideration of RM2.00.