KUALA LUMPUR (March 26): GuocoLand (Malaysia) Bhd (KL:GUOCO) said the proposal by its controlling shareholder to privatise the company will be tabled at an extraordinary general meeting (EGM) on a date to be fixed later. GuocoLand Malaysia is the property arm of the businessman Tan Sri Quek Leng Chan-controlled Hong Leong Group. Quek himself, who owns a direct 2.78% stake in GuocoLand Malaysia or 19.51 million shares, is entitled to receive RM21.46 million. The remaining shares will be fully held by GLLM, resulting in GuocoLand Malaysia becoming an indirect wholly-owned subsidiary of GLL. Currently, GLLM holds 65.03% of GuocoLand Malaysia.

Source: The Edge Markets March 26, 2026 15:19 UTC