GLL (Malaysia) Pte. Ltd. on Feb, 03 2026 proposed a selective capital reduction and repayment to privatise its 65.03%-owned subsidiary, GuocoLand (Malaysia) Berhad, under Section 116 of Malaysia’s Companies Act 2016.
The plan offers RM1.10 in cash for each GuocoLand (Malaysia) share not already owned by GLL Malaysia, covering 244,951,738 shares, or 34.97% of the company. The total consideration is RM269.4 million (about 86.9 million Singapore dollars).
The RM1.10 offer price represents a 17.65% premium to the stock’s last traded price of RM0.9350 on Jan, 30 2026 and a 47.73% premium to its six-month volume-weighted average price of RM0.7446.
GuocoLand (Malaysia)’s board has until Mar, 02 2026, unless extended, to decide whether to proceed with the proposal and convene a shareholder meeting. If the transaction is approved, GLL Malaysia would become the sole shareholder and the company would be delisted from Bursa Malaysia.