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Hong Leong shifting Thistle ownership to Singapore unit


Cashing out: File picture of Thistle Port Dickson Resort. GuocoLand Malaysia says the proposed disposal of Thistle Port Dickson, Thistle Johor Baru and JB Parade will enable it to realise its investments in these assets.

Cashing out: File picture of Thistle Port Dickson Resort. GuocoLand Malaysia says the proposed disposal of Thistle Port Dickson, Thistle Johor Baru and JB Parade will enable it to realise its investments in these assets.

Its unit GuocoLand is also selling 70% equity interest in JB Parade

KUALA LUMPUR: The Hong Leong group is shifting the entire ownership of Thistle Port Dickson Resort (Thistle PD) and Thistle Johor Baru (Thistle JB) from its Malaysian-listed subsidiary, GuocoLand (M) Bhd, to its subsidiary listed across the causeway, GuocoLand Ltd (GLL).

   

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