KUALA LUMPUR: WCT BHD [] shares advanced on Monday, Oct after the company secured a contract from Malaysia Airports Holdings Bhd (MAHB) to develop the new low cost carrier terminal (KLIA2) integrated complex, which will be undertaken on build-operate-transfer concession.
At 9.20am, WCT rose six sen to RM3.26 with 667,200 shares done.
The CONSTRUCTION [] cost of the integrated complex is estimated at approximately RM486 million.
WCT said the concession is for 25 years and may be extended for 10 years upon expiry. The development of the complex would be undertaken by a special purpose vehicle (SPV) in which WCT and MAHB will hold 70:30 equity interest.
At 9.20am, WCT rose six sen to RM3.26 with 667,200 shares done.
The CONSTRUCTION [] cost of the integrated complex is estimated at approximately RM486 million.
WCT said the concession is for 25 years and may be extended for 10 years upon expiry. The development of the complex would be undertaken by a special purpose vehicle (SPV) in which WCT and MAHB will hold 70:30 equity interest.
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