KUALA LUMPUR: WCT Holdings Bhds unit, WCT Land Sdn Bhd, is buying four plots of freehold land in Selangor from Matad Sdn Bhd for RM115.4 million. Â The move is in line with WCTs plans to increase its landbank to further establish its position in property development and increase its investment property portfolio for long-term recurring rental income. œWCT intends to undertake a mixed commercial development on the land but it is still at a preliminary stage, the company said in a filing to Bursa Malaysa yesterday.Â
To continue reading the rest of the article, click here