WCT’s borrowings under scrutiny

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.