WCT delays listing of REIT

Property trust: A total RM1.1bil worth of assets will be injected into WCT REIT, including the Paradigm Mall in Petaling Jaya.

PETALING JAYA: WCT Holdings Bhd is delaying the listing of its Real Estate Investment Trust (REIT) from the end of 2017 to the second quarter of 2018, said analysts.

According to UOB KayHian, the plan to set up WCT REIT is still intact despite changes in the timeline of completion.