Construction and property developer, WCT Holdings Bhd, is looking to raise more than RM500mil over the next six months via the monetisation of its assets.
WCT chairman Datuk Ahmad Sufian said on Friday the monetisation is aimed at improving the company's cashflow and more importantly, use the proceeds of sales to reduce the net gearing to 0.5 times from 0.8 currently.
However, he was tight-lipped, over providing more details on the process.
"We are still in discussions and planning. We will continue towards monetisation, because we have a lot of assets on our books and it is the right time to do so," he told a media briefing after the AGM.
For Free Signals and other KLSE online updates, click here OR Give A Missed Call : +60350219047 Follow Us On Twitter : www.twitter.com/epicresearchmy Like Us On Facebook : www.facebook.com/EpicResearchMalaysia Need Any Assistance Feel Free To Mail Us at : info@epicresearch.my
WCT chairman Datuk Ahmad Sufian said on Friday the monetisation is aimed at improving the company's cashflow and more importantly, use the proceeds of sales to reduce the net gearing to 0.5 times from 0.8 currently.
However, he was tight-lipped, over providing more details on the process.
"We are still in discussions and planning. We will continue towards monetisation, because we have a lot of assets on our books and it is the right time to do so," he told a media briefing after the AGM.
No comments:
Post a Comment