$WCT / 9679 (WCT HOLDINGS BERHAD)
Research by MIDF
NEUTRAL – TP RM0.97

" WCT to Set Up Paradigm REIT”

• WCT proposes disposal of 3 malls to upcoming Paradigm REIT for RM2.44b
• Paradigm REIT to fund purchase via cash from MTN issuance and 1.60b new units
• WCT expected to hold about 60.7% stake in Paradigm REIT
• Maintain NEUTRAL with unchanged TP of RM0.97

Analyst:
Royce Tan Seng Hooi
royce.tan@midf.com.my