WCT Holdings identifies properties to be included in proposed Paradigm REIT

Quick Summary:

KUALA LUMPUR: WCT Holdings Bhd (WCTH) has proposed the establishment of Paradigm real estate investment trust (Paradigm REIT) to be listed on the Main Market of Bursa Malaysia.

It has also identified retail shopping malls to be included in the REIT, which will be disposed of by the subsidiaries and a joint venture to Paradigm REIT.

"The proposed disposals will provide the WCTH with additional funds to pare down the group’s borrowings,” it noted.

---

More Pictures

---

Read Quick SummarySave Time

or

Article Details

Category: EconomyBusiness

Markets: Malaysia

Topics: /Business/Business News Paradigm REIT Corporate News WCTH Gearing Disposal

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-09-18 @ 20:18:00 (3 hours ago)

News Timezone: GMT +8:00

News Source URL: thestar.com.my

Language: English

Article Length: 509 words

Reading Time: 3 minutes read

Sentences: 19 lines

Sentence Length: 27 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © The Star

News ID: 22577655

View Article Analysis

About The Star

Main Topics: EconomyBusiness

Official Website: thestar.com.my

Update Frequency: 40 posts per day

Year Established: 1971

Headquarters: Malaysia

News Last Updated: 2 hours ago

Coverage Areas: Malaysia

Ownership: Independent Company

Publication Timezone: GMT +8:00

Content Availability: Local / Regional

News Language: English

RSS Feed: Available (XML)

API Access: Available (JSON, REST)

Website Security: Secure (HTTPS)

Publisher ID: #22

Publisher Details

Frequently Asked Questions