KUALA LUMPUR: Analysts are mixed over property conglomerate WCT Holdings Bhd's proposed acquisition of a 60 per cent stake in Subang Skypark Sdn Bhd. The group had on Monday said it would buy Subang Skypark from Tan Sri Ravindran Menon and his partner Datuk Aisamar Kadil Mydin Syed Marikiah for RM44.56 million cash. Subang Skypark is involved in the development of commercial retail area at the Sultan Abdul Aziz Shah Airport in Subang, known as Subang Skypark Terminal 3 (SST3). “Subang Skypark incurred a slight loss of RM700,000 on back of RM21.5 millom revenue for its 2016 financial year. AmInvestment Bank Bhd, meanwhile, believe the acquisition will hamper WCT’s net gearing.

Source: New Strait Times April 03, 2018 11:37 UTC