WCT gearing set to improve

It said it did not expect WCT to pay out any special dividend from the proceeds of the Nad Al Sheba Dubai Racecourse (file pic) contract dispute settlement, given the Covid-19 situation.

PETALING JAYA: WCT Holdings Bhd’s deleveraging exercise is seen on track, with the Sungai Buaya land sale negotiation expected to be finalised soon.

The transaction could potentially raise up to RM200mil for the construction and property development company.