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WCT: Subang Skypark’s proposal is re-concession, not acquire Subang Airport

1:49:00 PM

 


WCT Holdings Bhd has clarified that its wholly-owned unit, Subang Skypark Sdn Bhd (SSSB), has proposed to re-concession and not to acquire the Sultan Abdul Aziz Shah Airport (formerly known as Subang Airport) as reported by several media organisations.

In a filing with Bursa Malaysia today, the company also said that it would operate the airport the same under a lease whereby the government would continue to own the land and Subang Airport.

“The proposal is currently at a concept paper stage which SSSB submitted to the Ministry of Transport (MoT), Ministry of Finance, and Ministry of Energy and Natural Resources on March 1, 2021.

“The proposal is still preliminary,” it said.

According to WCT, submission of the concept papers to related government ministries was a common practice as the company has always been proactively on the lookout for new business opportunities.

- Bernama



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