MCT Consortium emerges as GW Plastics' white knight

The third phase of MCT Consortium Bhd’s One City development in USJ.

AFTER staying afloat for more than one year without its core business, GW Plastics Holdings Bhd has found its white knight in MCT Consortium Bhd. MCT will take over its listing status for RM1.21bil.

Speaking to StarBizWeek over the phone, chairman Tan Sri Barry Goh Ming Choon says: “We were looking for ways for a flotation and came across GW Plastics, which is a clean company with zero gearing, so that is how the deal developed.”