GLLM moves to seize total control of GuocoLand Malaysia

The subsidiary will be privatised through a selective capital reduction and repayment exercise.

GLL (Malaysia) Pte. Ltd. (GLLM) has launched a bid to privatise its subsidiary—GuocoLand (Malaysia) Berhad (GLM)—through a selective capital reduction and repayment exercise valued at approximately $86.92m (RM269.45m).

In a proposal moving the developer toward a delisting from Bursa Malaysia, GLLM—which currently holds a 65.03% stake in the company—offered to acquire the remaining 34.97% of shares it does not own.

Under the terms of the proposal, entitled minority shareholders will receive $0.35 (RM1.10) in cash for every ordinary share held, according to a press release.

The offer price represents a 17.65% premium over GLM’s last traded price of $0.30 (RM0.9350) on 30 January 2026.

The offer is more pronounced when measured against longer-term trading averages, representing a 47.73% premium over the stock’s six-month volume-weighted average market price of $0.24 (RM0.7446).

GLLM said in the filing that the proposed privatization provides an opportunity for the entitled shareholders of GLM to exit and realise their holdings at a premium over the market price.

Intending to be the sole shareholder, GLLM has given the Board of GLM until 2 March 2026 to consider the proposal.

If successful, GLM will be delisted from the Main Market of Bursa Malaysia Securities Berhad.

(RM3.10 = SG$1)

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