PETALING JAYA: WCT Holdings Bhd
has concurred with analyst predictions that its RM1.2bil awards from its recent Meydan Group LLC claims are for debt repayment, working capital, investments and dividend payments.
This is to strengthen the engineering and construction outfit’s financial footing to bid for bigger jobs going forward. The claims had been awarded to it by a Dubai tribunal over a long-standing contract dispute with Meydan Group.
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