WCE Enter RLC Financing Of RM400 Million With Malaysian Government

WCE Holdings Berhad 80% owned subsidiary West Coast Expressway Sdn Bhd has entered into a Reimbursable Land Cost Agreement with the Government of Malaysia for a Reimbursable Land Cost Financing of up to RM400.00 million.

The “RLC Financing” is to part-finance the land acquisition cost for the West Coast Expressway Project. The Company said will provide a Shareholders’ Undertaking to WCESB in respect of the RLC Financing to ensure the successful completion of the Project, and also a debenture incorporating fixed and floating charge over all present and future assets of WCESB

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