ECRL shaping up to be big theme for 2017

Construction sector Maintain overweight: According to a news report, Transport Minister Datuk Seri Liow Tiong Lai has cited a change in alignment, a longer tunnel link and a weak ringgit as the reasons for the cost of the East Coast Rail Link (ECRL) project jumping to RM55 billion from RM29 billion.

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Lim to inject WCT assets into Pavilion REIT

Businessman Tan Sri Desmond Lim Siew Choon is performing a corporate manoeuvre that may unlock value worth billions after emerging as the largest shareholder in WCT Holdings Bhd last Tuesday, say sources.

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Market left guessing Desmond Lim’s plans

KUALA LUMPUR (Nov 3): Tan Sri Desmond Lim Siew Choon’s emergence as the single-largest shareholder of WCT Holdings Bhd on Tuesday has got the market speculating about his plans for the construction group as well as Malton Bhd and Pavilion Real Estate Investment Trust (REIT), in which he has 35.

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