GuocoLand (Malaysia) Bhd has received a proposal from its controlling shareholder, GLL (Malaysia) Pte Ltd, to privatise the company at RM1.10 per share through a selective capital reduction and capital repayment exercise. The offer represents a 17.65% premium to the last traded price and involves the cancellation of about 245 million shares held by minority shareholders, with a total payout of approximately RM269.5 million. Upon completion, GuocoLand Malaysia would be delisted from Bursa Malaysia and become an indirect wholly owned subsidiary of Singapore-listed GuocoLand Ltd.
The proposed privatisation is driven by low trading liquidity, limited benefits from remaining listed, and the absence of equity fundraising over the past decade. The exercise is subject to regulatory approvals, High Court confirmation, and approval from at least 75% of disinterested shareholders at an extraordinary general meeting, with the board expected to decide on the proposal by March 2.
Source: TheEdge, 05 February 2026