PETALING JAYA: WCT Holdings Bhd
’s proposed Paradigm Real Estate Investment Trust (Paradigm-REIT) will be a key component of the group’s broader deleveraging plans, according to CIMB Securities.
“Based on our preliminary estimates, the disposal consideration of RM2.4bil for the aforementioned retail mall assets is about 9% higher than our existing valuations and could potentially bump up our sum-of-the-parts-based target price to RM1.47 a share.
