WCT Engineering Bhd's subsidiary WCT Land Sdn Bhd is paying RM48.9mil to MTD Capital Bhd's subsidiary MTD Realty Sdn Bhd for the latter's 50% stake in their jointly-held property developer Labur Bina Sdn Bhd.
WCT said in a late announcement yesterday it had signed an agreement to acquire all the 2.5 million Labur Bina ordinary shares of RM1 each held by MTD Realty.
Already a subscriber? Log in
Save 30% OFF The Star Digital Access
Cancel anytime. Ad-free. Unlimited access with perks.
