GuocoLand (Malaysia) Berhad (GUOCO) announced on Feb, 23 2026 that it has appointed Maybank Investment Bank Berhad as the Principal Adviser for its proposed privatisation, to be executed through a selective capital reduction and repayment exercise under Section 116 of the Companies Act 2016.
The company’s board, excluding interested directors Cheng Hsing Yao and Quek Kon Sean, has also engaged Kenanga Investment Bank Berhad as the Independent Adviser to provide recommendations to the non-interested directors and disinterested shareholders regarding the proposal.