KUALA LUMPUR: Guocoland (Malaysia) Bhd’s 70 per cent-owned subsidiary Guoman Hotel & Resort Holdings Sdn Bhd has entered into two conditional share sale agreements (SSAs) worth RM223.89 million with GuocoLand Hotels Pte Ltd. In an exchange filing, Guocoland said the SSAs include the proposed disposal of entire shares in PD Resort Sdn Bhd comprising 100.02 million shares for an indicative RM116.01 million. It also proposed a 70 per cent disposal in JB Parade Sdn Bhd comprising 28 million shares for an aggregate indicative RM107.88 million. Guocoland said the proposed disposals would enable the company to realise its investments in PD Resort and JB Parade.

Source: New Strait Times November 17, 2017 12:45 UTC