As at end-March 2019, WCT Holdings’ construction order book stood at RM6.1bil, of which the LRT3 project (outstanding contract value: RM1.37bil), Pan Borneo (Sarawak) highway works (RM654mil) and Pavilion Damansara Heights phase one superstructure works (RM1.72bil) represent sizeable contracts.
KUALA LUMPUR: Malaysian Rating Corporation (MARC) has affirmed the ratings of WCT Holdings Bhd
’s RM1bil medium-term notes (MTN) programme and RM1.5bil Sukuk Murabahah programme (sukuk) at AA- and AA IS.
The ratings agency had on Wednesday it had assigned a preliminary rating of A with a stable outlook to the proposed perpetual Sukuk Musharakah programme (perpetual sukuk) of up to RM1bil.
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