WCT active, up 2.69% on bagging RM1.77 billion contract


KUALA LUMPUR (Sept 19): WCT Holdings Bhd rose 2.69% in active trade this morning after the group via its wholly-owned subsidiary WCT Bhd secured a RM1.77 billion contract to build the proposed Pavilion Damansara Heights commercial development here.

At 9.22am, WCT gained 2.5 sen to 95.5 sen with 5.51 million shares done.

WCT said WCT Bhd had on Friday (Sept 14) accepted the letter of award from Impian Ekspresi Sdn Bhd.

The work scope for the project along Jalan Damanlela encompasses completion of nine blocks of office towers and three blocks of service apartments on a podium block.

The project is expected to commence this month, with completion within 38 months. —

Click here for more property stories.

Dissenting voices in Selangor Properties’ privatisation offer, says report
WCT now free to list its investment property arm
WCT likely to focus more on new tenders for building jobs in 2019