Reorganisation will unlock value of WCT Land, says group executive director

Goh (left) says WCT intends to increase the operating profit contribution of property development. With him is chairman Datuk Capt Ahmad Sufian

PETALING JAYA: WCT Bhd, which has proposed an internal reorganisation to separate its construction and property divisions, is aiming to grow its property business to be as signficant as its mainstay construction arm within five years.

The group's executive director Choe Kai Keong told StarBiz that post-reorganisation, shareholders and warrant holders of WCT would benefit in terms of efficiency, as the move would unlock the value of subsidiary WCT Land.