WCT Unit to Acquire Remaining 30% Stake in Jelas Puri for MYR140 Million

MT Newswires Live

Aug 03

WCT Land, a wholly-owned subsidiary of WCT Holdings (KLSE:WCT) has agreed to acquire the remaining 30% equity interest in Jelas Puri for 140 million ringgit, according to a Friday filing to the Malaysian stock exchange.

The company's shares were up over 2% in Monday's trade.

On Friday, WCT Land entered into a share sale agreement with the Employees Provident Fund Board to acquire 93 million ordinary shares held by the latter.

The share sale is expected to be completed within five business days and the purchase consideration shall be settled wholly in cash.

With this, WCT Land's equity interest in Jelas Puri will increase to 100%, making it an indirect subsidiary of the company. This will provide the group greater flexibility to manage Jelas Puri's affairs and for future corporate exercises.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.0a0bd8dc.png","ogUrl":"https://www.itiger.com/news/2656708328"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2656708328\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2656708328?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2026-08-03 14:01","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2656708328","market":"us","top_or_hot":-1,"title":"WCT Unit to Acquire Remaining 30% Stake in Jelas Puri for MYR140 Million","media":"MT Newswires Live","content":"<html><body><p> WCT Land, a wholly-owned subsidiary of WCT Holdings (KLSE:WCT) has agreed to acquire the remaining 30% equity interest in Jelas Puri for 140 million ringgit, according to a Friday filing to the Malaysian stock exchange.</p><p>The company's shares were up over 2% in Monday's trade.</p><p>On Friday, WCT Land entered into a share sale agreement with the Employees Provident Fund Board to acquire 93 million ordinary shares held by the latter.</p><p>The share sale is expected to be completed within five business days and the purchase consideration shall be settled wholly in cash.</p><p>With this, WCT Land's equity interest in Jelas Puri will increase to 100%, making it an indirect subsidiary of the company. This will provide the group greater flexibility to manage Jelas Puri's affairs and for future corporate exercises.</p></body></html>","source":"mtnewswires_news","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>WCT Unit to Acquire Remaining 30% Stake in Jelas Puri for MYR140 Million</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWCT Unit to Acquire Remaining 30% Stake in Jelas Puri for MYR140 Million\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1092851196\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">MT Newswires Live </p>\n<p class=\"h-time\">2026-08-03 14:01</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html><body><p> WCT Land, a wholly-owned subsidiary of WCT Holdings (KLSE:WCT) has agreed to acquire the remaining 30% equity interest in Jelas Puri for 140 million ringgit, according to a Friday filing to the Malaysian stock exchange.</p><p>The company's shares were up over 2% in Monday's trade.</p><p>On Friday, WCT Land entered into a share sale agreement with the Employees Provident Fund Board to acquire 93 million ordinary shares held by the latter.</p><p>The share sale is expected to be completed within five business days and the purchase consideration shall be settled wholly in cash.</p><p>With this, WCT Land's equity interest in Jelas Puri will increase to 100%, making it an indirect subsidiary of the company. This will provide the group greater flexibility to manage Jelas Puri's affairs and for future corporate exercises.</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK4608","symbol_name":"AI应用概念股","start_time":0,"source_url":"https://www.mtnewswires.com/","article_id":"2656708328","we_media_id":"1092851196","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2656708328","pubTimestamp":1785736877,"columns":[],"sourceInfo":{"source_id":"mtnewswires_news","name":"MT Newswires"},"weMediaInfo":{"media_name":"MT Newswires Live","introduction":"The most recognized names in North America, Europe and Asia rely on MT Newswires to power their applications. Better news, better service, better price.","home_visible":1,"id":"1092851196","head_image":"https://community-static.tradeup.com/news/3002d84abbd5ace3c99397c7f95b8d4e"},"summary":"WCT Land, a wholly-owned subsidiary of WCT Holdings  has agreed to acquire the remaining 30% equity interest in Jelas Puri for 140 million ringgit, according to a Friday filing to the Malaysian stock exchange.The company's shares were up over 2% in Monday's trade.On Friday, WCT Land entered into a share sale agreement with the Employees Provident Fund Board to acquire 93 million ordinary shares held by the latter.The share sale is expected to be completed within five business days and the purchase consideration shall be settled wholly in cash.With this, WCT Land's equity interest in Jelas Puri will increase to 100%, making it an indirect subsidiary of the company. This will provide the group greater flexibility to manage Jelas Puri's affairs and for future corporate exercises.","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"BK4608":"AI应用概念股","WCT":"Wellchange Holdings","BK4023":"应用软件"},"translate_title":"WCT 部门将以 1.4 亿令吉收购 Jelas Puri 剩余 30% 股份","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"WCT":1.5},"content_text":"WCT Land, a wholly-owned subsidiary of WCT Holdings (KLSE:WCT) has agreed to acquire the remaining 30% equity interest in Jelas Puri for 140 million ringgit, according to a Friday filing to the Malaysian stock exchange.The company's shares were up over 2% in Monday's trade.On Friday, WCT Land entered into a share sale agreement with the Employees Provident Fund Board to acquire 93 million ordinary shares held by the latter.The share sale is expected to be completed within five business days and the purchase consideration shall be settled wholly in cash.With this, WCT Land's equity interest in Jelas Puri will increase to 100%, making it an indirect subsidiary of the company. This will provide the group greater flexibility to manage Jelas Puri's affairs and for future corporate exercises.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":1,"need_auth":false,"need_login_tip":false,"code":"91000000","status":"200"}}}