Tuesday, 9 July 2013

WCTH set to soar after reorganisation exercise

WCT is embarking on a new growth strategy under its new identity as WCT Holdings Bhd (WCTH). WCTH has grown from its original construction and engineering business over the last 32 years. Today, it is one of the more notable township and property developers, particularly in the Greater Kuala Lumpur/Klang Valley project, Kota Kinabalu and Iskandar Malaysia in Johor. WCTH currently has a 424.11ha landbank in Malaysia.
  • The reorganisation exercise is to streamline its structure, MD Taing Kim Hwa said. Under the new structure, WCTH will directly own WCT as well as WCT Land Sdn Bhd, the wholly owned property arm of WCT. 
  • The group’s key business segments such as engineering, construction, toll concession and privatisation will remain under WCT, whereas property development, property investment and concession will remain under WCT Land. (BT)

Source: CIMB Daybreak - 09 July 2013

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