WCT Holdings Bhd said it would be undertaking a proposed joint venture (JV) with CCCG Overseas Real Estate (CORE) and CCCC to develop a plot of land measuring 1.65 acres in TRX. WCT, CORE and CCCC will own 20%, 65% and 15% equity interests in the JV, respectively. CORE and CCCC will pay RM200mil to WCT, the owner of the land.
Stock: [WCT]: WCT HOLDINGS BERHAD
2017-10-26 08:41 | Report Abuse
WCT Holdings Bhd said it would be undertaking a proposed joint venture (JV) with CCCG Overseas Real Estate (CORE) and CCCC to develop a plot of land measuring 1.65 acres in TRX.
WCT, CORE and CCCC will own 20%, 65% and 15% equity interests in the JV, respectively. CORE and CCCC will pay RM200mil to WCT, the owner of the land.
Read more at http://www.thestar.com.my/business/business-news/2017/09/26/chinas-cccc-to-build-tower-in-trx/#60s3Mr77yYyzBfqe.99