GuocoLand (Malaysia) Bhd said on Mar, 26 2026 that it will ask disinterested shareholders to vote on a selective capital reduction and repayment scheme that, if approved, will pave the way for the company’s privatisation and delisting from Bursa Malaysia.

Under the proposal, controlling shareholder GLL (Malaysia) Pte. Ltd. — which already owns 65.03 % of the property group — will pay RM1.10 in cash for each of the 244.95 million shares held by minority investors, equal to a total outlay of about RM269.45 million (roughly 77 million Singapore dollars). All of those shares will be cancelled, leaving GLL (Malaysia) with full ownership of the 455.51 million shares that will remain in issue.

The offer price represents premiums ranging from 17.65 % to 54.52 % over the stock’s last traded price and historical volume-weighted averages up to Jan, 30 2026, the last full trading day before receipt of the proposal.

GuocoLand Malaysia’s board — with interested directors abstaining — has appointed Maybank Investment Bank as principal adviser and Kenanga Investment Bank as independent adviser. The plan requires approval from a majority in number representing at least 75 % in value of votes cast by disinterested shareholders, with no more than 10 % of those votes opposing. It also needs confirmation from Malaysia’s High Court and other customary consents.

If cleared, the exercise is expected to complete in the first quarter of the financial year ending Jun, 30 2027, after which GuocoLand Malaysia will apply to be removed from the local bourse. The company said remaining shares held via employee share schemes will be cancelled, and the schemes will be terminated before the court filing.

GuocoLand Malaysia cited persistently low trading liquidity, the opportunity for minorities to exit at a premium, and limited benefits from maintaining a public listing as key reasons for pursuing the transaction.