KUALA LUMPUR: GuocoLand (M) Bhd has received a proposal from its controlling shareholder, GLL (Malaysia) Pte Ltd, to privatise the company at RM1.10 per share via a selective capital reduction and repayment exercise.
In a filing with Bursa Malaysia, the property group said under the proposal, shareholders other than GLL (Malaysia) would receive a cash repayment of RM1.10 per share, based on holdings recorded as at an entitlement date to be determined later.
The company said its board — excluding directors Cheng Hsing Yao and Quek Kon Sean, who are deemed interested — will deliberate on the proposal and decide on the next course of action.
As at Jan 19, 2026, GLL (Malaysia) and parties acting in concert held about 475.81 million shares, representing approximately 67.93% of GuocoLand Malaysia’s issued share capital.
The entitled shareholders who collectively hold 244.95 million shares, or 34.97%, will receive a total capital repayment of RM269.44mil pursuant to the proposed privatisation, which represents RM1.10 per share.
The offer price represents a premium of 17.65% over the last traded closing price of RM0.935 on Jan 30, 2026, and premiums ranging from 25.44% to 54.52% over the five-day to one-year volume-weighted average market prices
Upon completion of the exercise, GuocoLand Malaysia will become a wholly owned subsidiary of GLL (Malaysia), and the company does not intend to maintain its listing on the Main Market of Bursa Malaysia.
The proposed privatisation provides an opportunity for the entitled shareholders to exit and realise their holdings in GuocoLand Malaysia, according to GLL (Malaysia).
It noted that GuocoLand Malaysia’s shares recorded an average daily trading volume of about 126,923 shares over the past five years, representing roughly 0.06% of its free float.
It also said limited benefits had been derived from maintaining its listed status, as GuocoLand Malaysia has not undertaken any equity fund-raising from the capital market for more than a decade
