The amount is larger than WCT’s current market capitalisation of RM730.35mil based on the share price of 51.5 sen.
KUALA LUMPUR: WCT Holdings Bhd
has agreed to a final settlement of RM828.24mil with Meydan Group LLC over the cancelled Nad Al Sheba Dubai racecourse contract.
In a filing with Bursa Malaysia on Wednesday, WCT said the sum was equivalent to 65% of the principal sum of RM1.31bil which the arbitral tribunal had awarded to WCT earlier.
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