WCE Holdings to dispose of 40% stake in RPSB for RM494mil

PETALING JAYA: WCE Holdings Bhd is proposing to dispose of its entire 40% equity interest in Radiant Pillar Sdn Bhd (RPSB) to IJM Properties Sdn Bhd for RM494mil.

In a statement yesterday, the toll concession and construction firm said the bulk of the proceeds will be put towards the West Coast Expressway project, adding that it will also enable the group to save on financing costs, should a similar amount of funds be sourced from other modes of financing or borrowings.