WCT Holdings Bhd has acquired the remaining 30% stake in Jelas Puri Sdn Bhd for RM140 million. This acquisition grants WCT full ownership of the Le Méridien Petaling Jaya Hotel and increases its effective interest in Paradigm REIT. The transaction is expected to enhance WCT's recurring income stream and investment flexibility. Completion of the deal is anticipated by early August 2026.
Company Information
Company
WCT Holdings Bhd
Location
Taiwan
About
WCT Holdings Bhd is a prominent construction and engineering company based in Malaysia. It specializes in infrastructure, property development, and project management. The company has a strong presence in both domestic and international markets. With a commitment to quality and innovation, WCT delivers various large-scale projects.
Taiwan
MalaysiaConstructionCivil EngineeringReal Estate