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.
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