WCT

It is taking steps to prepare the construction and property development group for the anticipated softening of the property market.

Its property development is carried out by its unit WCT Land Bhd.

It will focus on strengthening its market presence in the local property market.

As of Sept 30 2013, WCT had cash and bank balances of over rm1.44 billion. Part of the cash will be used for loan repayments due in the next 12 months from Dec 2013. The company has over rm380 million in term loans that need to be settled within the next two years from Dec 2013.

The stronger cash position may also mean the company is expected to be actively pursuing construction projects in 2014.

WCT is also well known in the construction circle, especially in the Middle East region.