WCT Land Sdn Bhd completed the acquisition of property in Mukim of Tebrau from Malaysia Building Society Bhd.
The transaction will not have any effect on shareholding, share capital. Gearing and net assets of WCT Berhad and is expected to contribute positively to earnings per share. The disposal will not have any effect on share capital and substantial shareholders' shareholdings of Malaysia Building Society; however it will increase its earnings per share and net assets and decrease the gearing ratio. The disposal will result in gain of MYR 55 million. The proceeds from the disposal will be used for expansion of the financing business of Malaysia Building Society. PA International Property Consultants Sdn Bhd acted as property valuator.
WCT Land Sdn Bhd completed the acquisition of property in Mukim of Tebrau from Malaysia Building Society Bhd (KLSE:MBSB) on January 11, 2013.