The Paradigm Mall in Kelana Jaya. WCT’s existing malls – Paradigm Mall, AEON Bukit Tinggi and Gatewayklia2 - carry a valuation of about RM2.2bil.
Concerns arise after the company’s debt outlook rating pushed down to negative
WCT Holdings Bhd
, which has been actively acquiring land assets during a slow property market, has seen its gearing rise to alarming levels.
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