WCT shares down after fundraising announcement


WCT and Bina Puri are among the more active contractors in Sabah over the past few years

PETALING JAYA: Shares in construction outfit WCT Holdings Bhd tumbled to its 12-month low following a fundraising announcement of RM242mil through issuance of new shares.

This would be the company’s second fundraising exercise for this year to reduce its debts. In April, it raised close to RM180mil.

Limited time offer:
Just RM5 per month.

Monthly Plan

RM13.90/month
RM5/month

Billed as RM5/month for the 1st 6 months then RM13.90 thereafters.

Annual Plan

RM12.33/month

Billed as RM148.00/year

1 month

Free Trial

For new subscribers only


Cancel anytime. No ads. Auto-renewal. Unlimited access to the web and app. Personalised features. Members rewards.
Follow us on our official WhatsApp channel for breaking news alerts and key updates!

Business , WCT , placement , shares , fund raising , property , construction ,

   

Next In Business News

Tasco posts weak earnings due to international freight forwarding ops
Capital A positive about higher returns this year
Reeling in reluctant retailers
Plant in fire outbreak not Kossan unit
F&N mindful of prospects despite a strong 1H24
CIMB Niaga 1Q consolidated net profit increases
KSL acquires Johor land for RM212mil
Duopharma gets RM578mil supply contract
GUH wins RM69mil Gamuda job
Oppstar share price rises on tie-up with Samsung

Others Also Read