GuocoLand (Malaysia) Berhad announced on Feb, 3 2026 that it has received a proposal from controlling shareholder GLL (Malaysia) Pte. Ltd. to privatise the company via a selective capital reduction and repayment exercise under Section 116 of the Companies Act 2016.
The plan offers minority shareholders RM1.10 in cash for each share held, with the entitlement date to be determined and disclosed later.
The board of directors—excluding interested parties Cheng Hsing Yao and Quek Kon Sean—will evaluate the proposal and provide further updates once a decision is reached.
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