KUALA LUMPUR: WCT Holdings Bhd’s unit, WCT Land Sdn Bhd, is buying four plots of freehold land in Selangor from Matad Sdn Bhd for RM115.4 million. The move is in line with WCT’s 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. “WCT 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.
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