Tag: wct

14 May 2019 WCT Group owned Paradigm Mall Petaling Jaya has completed it first phase of Asset Enhancement Initiative (AEI) with more offerings and providing seamless shopping experience to shoppers. WCT Malls Management CEO Selena Chua said by refreshing the tenancy mix with the additions of new eateries and lifestyle retail offerings, the company aims … Continue reading Paradigm Mall PJ unveils new upgrades

23 May 2018 WCT Holdings Bhd's (WCT) net profit rose 16.9% to RM38.39 million in the first quarter ended March 31, 2018 (1QFY18) from RM32.84 million a year ago, on higher construction billings from local infrastructure projects. Earnings per share was up 2.71 sen for 1QFY18 compared with 2.62 sen for 1QFY17. Quarterly revenue also … Continue reading WCT 1Q net profit up 17% on higher construction billings

3 April 2018 Analysts are mixed over property conglomerate WCT Holdings Bhd's proposed acquisition of a 60 per cent stake in Subang Skypark Sdn Bhd. The group had on Monday said it would buy Subang Skypark from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for RM44.56 million cash. (Photo from … Continue reading Analyst mixed over WCT’s proposed acquisition of Subang Skypark

4 April 2018 Shares in WCT Holdings Bhd closed lower yesterday as news that it was acquiring a controlling 60% stake in the operator of the Skypark Terminal at the Sultan Abdul Aziz Shah Airport in Subang, Selangor failed to excite investors. The stock closed two sen or 1.64% lower at RM1.20, giving it a … Continue reading WCT’s Subang Skypark deal fails to excite

19 January 2018 Malaysian construction and property company WCT Holdings is seeking to list a real estate investment trust by end-2018, with assets that could top 2 billion ringgit ($505.24 million), a person familiar with the matter said. The company plans to establish a REIT and park several assets under the trust. WCT's current assets … Continue reading Malaysia’s WCT Holdings Seeks To List REIT By 2018-End

30 November 2017 WCT Holdings Bhd expects its property investment segment to contribute 35% to the group’s bottom line in 2018, from 30% at present, following the opening of Paradigm Johor Baru (JB). Subsequent to the opening of the mall, two days ago, WCT expected its current stable of shopping malls to benefit from the … Continue reading WCT sees higher contribution from property investment segment

27 October 2017 WCT Holdings Bhd is expected to list its real estate investment trust (REIT) in mid-2018, after it had had delayed the listing of the property trust that was scheduled by end-2017, according to Affin Hwang Investment Bank Bhd (Affin Hwang IB). In addition, Affin Hwang IB said WCT may consider injecting its … Continue reading WCT to list REIT in mid-2018, may inject Paradigm Mall JB

16 May 2015 MAH Sing Group Bhd is looking at joining the growing ranks of Malaysian property developers who want to set up real estate investment trusts (REITs) to generate recurring income. The property development group is aiming to launch its first shopping mall – Star Avenue Mall at D’sara, Sungai Buloh – in September. … Continue reading Property company interested in mall REIT

18 February 2015 In conjunction with the Chinese New Year, shoppers and visitors to Paradigm Mall in Kelana Jaya and gateway@klia2, Malaysia’s only shopping mall within an international airport, will be greeted with a sea of glittering and beautiful lanterns from now until March 8. Embracing the theme of ‘Thousand Lanterns’, the malls are now … Continue reading Malls create festive ambience with a thousand lanterns

27 January 2015 Through a strategic partnership between the WCT Malls and DOMedia Asia, a leading Wi-Fi advertising platform in Malaysia, brands including the retailers of the malls will have the opportunity to communicate with some 40 million shoppers and passengers annually. Essentially, shoppers and travelers who log on to the malls’ Wi-Fi will be … Continue reading WCT Malls and DOmedia Asia partner to enable advertisers

10 February 2014 WCT Holdings Bhd expects its 70:30 joint venture (JV) with Malaysia Airports Holdings Bhd Gateway@Kuala Lumpur International Airport 2, to rake in a revenue of RM70mil to RM80mil per annum. Speaking to reporters after the company’s EGM on Tuesday, WCT’s director Kenny Wong Yik Kae said the take-up rate for the retail … Continue reading WCT expects RM70 – RM80 million a year from klia2 Gateway biz

1 June 2013 Checks show that KUB Malaysia, WCT and UEM Group are the three contractors yet to complete their portions of the construction work. Three main contractors for the klia2 project said yesterday they are not to be blamed for the delay in the completion of the new low-cost airline terminal. Checks by Business … Continue reading klia2 delay not our fault, say key contractors

28 December 2012 The RM530.3mil integrated complex, being built next to the Kuala Lumpur International Airport 2 (klia2) by Segi Astana Sdn Bhd, has secured commitments for 53.5% of the retail space as at Nov 30. Malaysian Rating Corporation Bhd (MARC) said on Friday it expected the complex to secure more tenants as the project … Continue reading MARC: Integrated complex near KLIA2 gets 53% tenancy commitment

8 September 2012 WCT Bhd’s shares had fallen slightly in tandem with the sharp two-day slump on the local bourse recently, but recovered to close 9 sen higher to RM2.63 yesterday. On Thursday, the construction and property development group had proposed a bonus issue on the basis of three bonus shares for every 20 existing … Continue reading Eye on Stock: WCT Bhd

6 March 2012 Along with its fourth quarter of the financial year 2011 result release, WCT Bhd (WCT) has indicated its intention to secure a number of contracts on the back of its RM2.7 billion order book. OSK Research Sdn Bhd (OSK Research) in its research report yesterday said that as the group had secured … Continue reading WCT group intends to secure more contracts in 2012

23 September, 2011 Malaysia Airports Holdings Bhd (MAHB) has signed a concession agreement with WCT Bhd and Segi Astana Sdn Bhd (SASB) for privatisation of the construction, development and financing of the integrated complex at klia2 under a 25-year concession. The construction cost is RM530.3mil which will be funded through a combination of external borrowings … Continue reading MAHB signs RM530mil deal with WCT to develop klia2