GCEB to be taken private and delisted

KUALA LUMPUR: The majority shareholders of hotel operator Grand Central Enterprises Bhd (GCEB) have proposed to take the company private and delist it from the Main Market of Bursa Malaysia for 46 sen per share.

In a filing with Bursa Malaysia, GCEB said the proposal was made by Tan Chee Hoe Sons Sdn Bhd (TCHSSB) and Hotel Grand Central Ltd, which collectively hold a 72.65% stake in the company.