Divestment in gateway@KLIA2 to put WCT on stronger footing

CGSI Research said the stake divestment will result in a net gain after tax of about RM184mil, or 13 sen a share.

PETALING JAYA: WCT Holdings Bhd, which has divested a partial stake in Segi Astana Sdn Bhd, does not discount a longer-term game plan of an eventual listing of Segi Astana via a business trust.

This is so since the concession structure of gateway@KLIA2 may not allow for an injection into a real estate investment trust, according to CGS International Research (CGSI Research).