GuocoLand seeks to take Malaysian unit private at RM1.10 per share
This represents a 17.7% premium to GLM’s last-traded share price of RM0.935 on Jan 30, GuocoLand says
[SINGAPORE] Property developer GuocoLand on Tuesday (Feb 3) proposed to take its Malaysia-listed unit private via a selective capital reduction and cash repayment exercise, with an offer price of RM1.10 per share.
The announcement confirms an earlier report that GuocoLand’s billionaire chairman Quek Leng Chan was mulling the privatisation, and comes a day after both the parent company and the unit, GuocoLand (Malaysia) Berhad (GLM), called for a trading halt.
GuocoLand controls over 65 per cent of GLM, while Quek owns a direct stake of 2.8 per cent in the unit, as at Sep 30, 2025.
The RM1.10 offer price represents a 17.7 per cent premium to GLM’s last-traded share price of RM0.935 on Jan 30, GuocoLand said in a bourse filing. The offer price also stands at a 47.7 per cent premium to its six-month volume-weighted average price of RM0.7446.
The board of GLM will have until Mar 2 to decide on the offer.
The privatisation will allow shareholders to realise their investment “expeditiously at a premium over the market price of GLM Shares which may otherwise be difficult given the low trading liquidity”, GuocoLand noted in the filing.
The move comes after GuocoLand recently posted a 14 per cent rise in net profit to S$85.4 million for the six months ended Dec 31, 2025. This was even as revenue for the half-year fell 22 per cent to S$791.9 million.
Shares of GuocoLand last closed flat at S$2.68 on Feb 2.
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