GuocoLand (Malaysia) controlling shareholder GLLM launches RM269m privatisation bid at RM1.10 per share
Summary:
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GLL (Malaysia) Pte. Ltd. has proposed to privatise its 65.03%-owned subsidiary GuocoLand (Malaysia) Berhad via a selective capital reduction and repayment under Section 116 of the Malaysian Companies Act 2016.
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Entitled shareholders (all shareholders other than GLLM) will receive RM1.10 in cash per GLM share, valuing the 244.95 million shares not held by GLLM (34.97% stake) at RM269.4 million (about S$86.9 million at SGD/RM 3.10).
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The offer price represents a 17.65% premium to GLM’s last traded price of RM0.935 on 30 January 2026 and a 47.73% premium to its six-month VWAP of RM0.7446, giving minorities an exit at a premium.
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The GLM Board has until 2 March 2026, unless extended, to decide whether to proceed to implement and table the proposal to entitled shareholders.
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If implemented and approved, GLLM will become the sole shareholder of GLM and GLM will be delisted from Bursa Malaysia Securities Berhad.