trending Market Intelligence /marketintelligence/en/news-insights/trending/7J3HB9PIiWRhRpPRgDEBkg2 content esgSubNav
In This List

WCT, TSR Capital win 676.8M-ringgit contract for Kuala Lumpur shopping complex

CASE STUDY

Deep Market Intelligence Helps a Credit Union Craft a Successful Expansion Plan

Blog

Global M&A By the Numbers: Q1 2022

Blog

Data Stories: Data insights to help alleviate business complexity amid geopolitical risks

Blog

M&A, IPOs hit a speed bump in early 2022


WCT, TSR Capital win 676.8M-ringgit contract for Kuala Lumpur shopping complex

PNB Merdeka Ventures Sdn. Bhd. awarded a 676.8 million-ringgit contract to TSR Capital Bhd. and WCT Holdings Bhd. to construct an eight-story shopping complex in Kuala Lumpur.

Under the deal terms, respective subsidiaries of TSR and WCT will establish a 49/51 joint venture company to undertake the project, which will form part of PNB Merdeka's Merdeka 118 development. The development consists of the PNB118 Tower, the Park Hyatt Hotel and an observation deck.

The contract is expected to commence Jan. 2, 2019, and to be completed within 30 months.

As of Dec. 21, US$1 was equivalent to 4.17 ringgit.