WCT Holdings Bhd secures RM70.4 million contract from 1MDB Real Estate Sdn Bhd

WCT Holdings Bhd secures RM70.4 million contract from 1MDB Real Estate Sdn Bhd

KUALA LUMPUR, October 5 — WCT Holdings Bhd has secured a RM70.4 million earthwork contract to developed a lifestyle quarter (Phase 1) mixed-use development in the Kuala Lumpur International Financial District in Jalan Tun Razak from 1MDB Real Estate Sdn Bhd.

The contract, expected to be completed by November 2016, covered earthworks, rock probing and grouting works.

“The contract is expected to contribute positively to the group’s future earnings and net assets,” WCT Holdings said in a filing to Bursa Malaysia yesterday.

— BERNAMA

 

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