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February 2010
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The Company’s 50%-owned joint venture company, Cebarco-WCT WLL (Abu Dhabi Branch) (“CWCT”), received the duly executed contract dated 4 February 2010 from MAF Investments (C) for the Bahrain City Centre Hotels Fit-Out Works for a total lump sum amount of BD51,178,133 or equivalent to RM467 million.
April 2010
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An indirect wholly-owned subsidiary, Urban Courtyard Sdn Bhd, has entered into a Sale and Purchase Agreement to acquire a piece of freehold vacant commercial land measuring approximately 98,651 sq ft in area, identi_ed as Lot D10 Bukit Jelutong Commercial Centre, Shah Alam, Selangor, Malaysia.
May 2010
July 2010
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Inducted as a member of The Edge Billion Ringgit Club.
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Sales launch of “Freesia” double storey terrace houses, Phase B8, in Bandar Parklands (BBT3), Klang, Selangor, Malaysia.
August 2010
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Sales launch of “Cornelia” semi-detached houses, Phase B10, Bandar Parklands (BBT3), Klang, Selangor, Malaysia.
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An indirect wholly-owned subsidiary, Atlanta Villa Sdn Bhd, has completed the acquisition of a piece of vacant freehold agricultural land measuring approximately 56.6 acres in Klang, Selangor, Malaysia.
October 2010
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Awarded a Build-Operate-Transfer (“BOT”) Concession by Malaysia Airports Holdings Berhad (“MAHB”) whereby the Company and MAHB will jointly undertake, via a special purpose vehicle (“SPV”) and subject to the execution of the Concession Agreement, the privatisation of the development of an Integrated Complex and all associated works at the new Low Cost Carrier Terminal (KLIA2) (“Integrated Complex”) at the Kuala Lumpur International Airport (KLIA) Sepang, Selangor, Malaysia, for a concession period of up to 25 years which may be extended for a further period of 10 years. The equity interests of WCT and MAHB in the SPV will be in the proportion of 70% and 30% respectively.
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Awarded a contract by the Government of the State of Qatar for the construction, completion and maintenance of a government administrative building in Doha, Qatar, for a lump sum amount of approximately QR1.6 billion (approximately RM1.36 billion)
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Launching of the Group’s first hotel, Première Hotel, a business class hotel in Klang, Selangor, Malaysia.
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Awarded a contract by the Public Works Department of Malaysia (Jabatan Kerja Raya Malaysia) for the design, construction, completion, equipping, commissioning and maintenance of the Tuaran Hospital, Sabah, Malaysia, for a contract sum of RM127.8 million.
November 2010
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Awarded the following prestigious awards by the Construction Industry Development Board of Malaysia (“CIDB”) under the Malaysian Construction Industry Excellence Award 2010:-
a) International Achievement Award - Yas Marina Circuit, Abu Dhabi, U.A.E. project; and
b) Contractor of the Year 2010 Award - Kota Kinabalu International Airport, Sabah project.
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Awarded sub-contract works by Malaysia-China Hydro Joint Venture for the construction and completion of the balance permanent access road at the Bakun Hydroelectric Project CW2 – Main Civil Works, at a contract sum of RM19 million.
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Sales launch of “Wisteria” semi-detached houses, Phase B9, Bandar Parklands (BBT3), Klang, Selangor, Malaysia.
December 2010
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An indirect wholly-owned subsidiary, Platinum Meadow Sdn Bhd, has entered into a conditional Asset Purchase Agreement with Global Capital and Development Sdn Bhd to acquire the lease in respect of four (4) building plots in Zone B, Medini, Iskandar Malaysia, known as the International Financial District.
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Shareholders approved the following proposals at the Extraordinary General Meeting held on 13 December 2010:-
(i) Issuance of RM600,000,000 nominal value of serial fixed rate bonds of up to 5 years (“Bonds”) with up to 193,736,279 detachable warrants (“WCT Warrants”) (“Bonds with Warrants Issuance”); and
(ii) Offer for Sale of the provisional rights to allotment of up to 193,736,279 WCT Warrants by AmInvestment Bank Berhad and RHB Investment Bank Berhad on a renounceable basis of one (1) WCT Warrant for every five (5) existing ordinary shares of RM0.50 each held in the Company (“Offer for Sale”). The bonds were issued on 28 December 2010.
January 2011
February 2011
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Sales launch for the following houses in Bandar Parklands (BBT3), Klang, Selangor, Malaysia:-
(a) “Folia” superlink houses, Phase C2; and
(b) “Gardia” cluster homes, Phase C6.
March 2011
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Sales launch of “Luxuria” bungalows, Phase C9, Bandar Parklands (BBT3), Klang, Selangor, Malaysia.
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Completed the Offer for Sale of WCT Warrants with the listing of the WCT Warrants on the Main Market of Bursa Malaysia Securities Berhad on 18 March 2011. The Offer for Sale was oversubscribed by 89.69%.
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