WZ Satu to venture into moneylending business

Tan Sri Mohamad Norza Zakaria

KUALA LUMPUR: WZ Satu Bhd will be venturing into the higher-margin moneylending business, with its executive chairman and president Tan Sri Mohamad Norza Zakaria injecting his second private company into the group.

The civil engineering and construction specialist said the diversification allowed WZ Satu to focus on the under-served and under-tapped markets as well as bring synergy effects to the group’s existing businesses - including the proposed venture into property development.