<div class=newsTextDataWrapInner><p>KUALA LUMPUR (June 23): GuocoLand (Malaysia) Bhd (KL:<a href="/askedge/klse/1503" class="ce-stock" target="_blank">GUOCO</a>) on Tuesday disposed of a 20% stake in GLM REIT Management Sdn Bhd, the manager of Tower Real Estate Investment Trust (KL:<a href="/askedge/klse/5111" class="ce-stock" target="_blank">TWRREIT</a>).</p></div>

<div class=newsTextDataWrapInner><p>In a filing on Bursa Malaysia, Tower REIT said the stake was sold to HL Management Co Sdn Bhd, a wholly-owned unit of Hong Leong Company (Malaysia) Bhd. Hong Leong Company is also the ultimate holding company of Hong Leong Bank Bhd (KL:<a href="/askedge/klse/5819" class="ce-stock" target="_blank">HLBANK</a>).</p></div>

<div class=newsTextDataWrapInner><p>Tower REIT said the Securities Commission Malaysia has approved the change in shareholding.</p></div><div class=inPageAd id=div-gpt-ad-inpage></div>

<div class=newsTextDataWrapInner><p>With the sale of the 20% stake, GuocoLand is left with an 80% equity interest in GLM REIT Management.</p></div>

<div class=newsTextDataWrapInner><p>The filing did not state any reason for the state sale.</p></div>

<div class=newsTextDataWrapInner><p>GuocoLand is a subsidiary of Guoco Group Ltd, which is an overseas investment arm of the Hong Leong Group and is controlled by the Kwek family.</p></div>

<div class=newsTextDataWrapInner><p>Shares of Tower REIT closed flat at 30 sen on Tuesday, giving the company a market capitalisation of RM147.3 million.&nbsp; GuocoLand also closed unchanged at RM1.09, valuing the company at RM763.5 million.</p></div>


GuocoLand (Malaysia) Bhd (KL:GUOCO) on Tuesday disposed of a 20% stake in GLM REIT Management Sdn Bhd, the manager of Tower Real Estate Investment Trust (KL:TWRREIT).

GuocoLand sells 20% stake in Tower REIT manager to Hong Leong unit

The Edge Billion Ringgit Club (BRC) Awards turns 17 this year. The trust, support and goodwill — accumulated since 2010 — have helped make our simple desire to recognise, honour and celebrate the biggest and the best of Corporate Malaysia into a tradition, perhaps more. The Edge Media Group chairman Tan Sri Tong Kooi Ong thinks we can safely call the Billion Ringgit Club an institution. I agree.

Institutionalising excellence

The Edge Billion Ringgit Club (BRC) Awards 2026 brought together Corporate Malaysia’s leaders and top-performing companies on Sept 23 for an evening of celebration and recognition.

An evening of corporate excellence

Speech by Tan Sri Tong Kooi Ong, Chairman of The Edge Media Group

Let the winners emerge through competition and merit

Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.

Building resilience in an age of disruption

Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.

Built for growth

Petroliam Nasional Bhd (PETRONAS), the only Malaysian company listed on the Fortune Global 500, took centre stage at the height of the fuel supply crisis in early 2026, when it was tasked with helping to coordinate and secure the country’s fuel supplies, going beyond its normal business activities amid disruptions in West Asia.

More than  Malaysia’s oil-and-gas steward

Growth and responsibility need not pull in opposite directions. Corporate Malaysia’s leading companies are showing that the two can go hand in hand by focusing on environmental, sustainability and governance issues most material to their businesses and stakeholders, and measuring the outcomes to continuously realign their efforts.

Doing what matters, touching lives

As private hospital operators grapple with rising medical costs, KPJ Healthcare Bhd (KL:KPJ) continues to chart a steady growth path.

Growth momentum faces new leadership test

Despite a complex reinsurance landscape marked by rising catastrophe risks, a softening pricing cycle and market volatility, MNRB Holdings Bhd (KL:MNRB) has managed to strengthen its earnings over the last three years, demonstrating remarkable resilience in the face of these challenges.

Record earnings despite headwinds

Solarvest Holdings Bhd (KL:SLVEST) made an emphatic debut at The Edge Billion Ringgit Club (BRC) Awards, sweeping all three trophies in the energy sector, as its rapid growth rides on Malaysia’s ambitious renewable energy (RE) goals.

Solar boom yields hat-trick wins

<p>MARC Ratings has revised the MARCWatch status on Zetrix AI Bhd (KL:ZETRIX) to “negative” from “developing”, citing heightened concerns over transparency, governance and “continued unavailability of material information required for an informed assessment of its credit profile”.</p>


MARC Ratings revises Zetrix AI watch status to 'negative' on governance, disclosure concerns

<p>The Strait of Hormuz will not reopen until seven Iranian conditions set out in a June interim agreement with the US are met, state media reported Iran's parliament speaker Mohammad Baqer Qalibaf as saying on Sunday.</p>


Iran says Strait of Hormuz will not reopen until conditions are met

<p>Malaysia’s semiconductor industry has asked Putrajaya to up reinvestment and research incentives, ease access to skilled foreign talent as well as reduce friction of doing business in Budget 2027 to enable the next phase of growth, as competition for investment intensifies globally.</p>


Chip industry seeks bigger R&D, automation incentives in Budget 2027

<p>Red Bull's Max Verstappen won a chaotic rain-hit Bahrain Grand Prix in Malaysia on Sunday for his first victory of the season after the race start was delayed by more than 90 minutes due to treacherous conditions at the Sepang International Circuit.</p>


Verstappen wins chaotic rain-delayed Bahrain Grand Prix 

<p>South Korean President Lee Jae Myung ordered a thorough investigation and response measures over recent personal data leak incidents at banks, finance companies and public agencies, Seoul's presidential office said on Sunday.</p>


South Korean president orders probe into data leaks across financial industry

<p>Transport Minister Anthony Loke Siew Fook is scheduled to speak on the suspension of My E.G. Sdn Bhd and Zetrix AI Bhd (KL:ZETRIX) as the Road Transport Department's (JPJ) collection agents 11am Monday (Oct 5) morning.</p>


Loke to address MyEG and Zetrix AI suspension as JPJ agents Monday

<p>Opec+ has agreed in principle to keep oil production targets steady for November, three sources close to the matter said ahead of the group's meeting on Sunday.</p>


Opec+ agrees in principle to keep November oil output targets steady — Reuters

<p>Eastern &amp; Oriental Bhd (KL:E&amp;O) is on course to hit fresh record earnings this financial year ending March 31, 2027 (FY2027). The premier lifestyle property developer started the year on a strong note, driven by higher revenue recognition and sustained sales momentum despite rising raw material costs.</p>


Looking beyond homes as healthcare adds to growth run

<p>KSL Holdings Bhd (KL:KSL), one of Johor’s most established property developers, has quietly become one of the more compelling growth stories on Bursa Malaysia — driven by both favourable regional tailwinds and a second generation of family leadership stepping confidently into senior management.</p>


Second generation takes the lead

<p>Maxis Bhd (KL:MAXIS) takes home The Edge Billion Ringgit Club (BRC) corporate award for highest return on equity (ROE) over three years this year — ending a five-year drought from the winners’ list.</p>


Ending a five-year drought with maiden sectoral win

<p>As the backbone of the nation’s digital infrastructure, Telekom Malaysia Bhd (KL:TM) has been well positioned to benefit from the sustained growth in data consumption and the rising influx of data centre investments.</p>


Connecting Malaysia’s digital transition

<p>KLCCP Stapled Group (KL:KLCC) — Malaysia’s largest real estate investment trust (REIT) and custodian of the PETRONAS Twin Towers, Menara ExxonMobil, Menara 3 PETRONAS, Suria KLCC and Mandarin Oriental Kuala Lumpur — has just wrapped up another year of record financial performance.</p>


Staying robust on tourism push

<p>Frontken Corp Bhd (KL:FRONTKN) is no stranger to The Edge Billion Ringgit Club (BRC) Awards, having built a strong financial track record among Bursa Malaysia’s technology companies.</p>


Disciplined growth keeps returns shining

<p>Returning to the winners’ list after a one-year hiatus, CelcomDigi Bhd (KL:CDB) takes The Edge Billion Ringgit Club (BRC) award for Highest growth in profit after tax over three years in the Telecommunications &amp; Media sector this year.</p>


Seasoned player makes a comeback on winners list

<p>Having marked its 40th anniversary in 2025 with another record financial performance and its first The Edge Billion Ringgit Club (BRC) corporate award, VSTECS Bhd (KL:VSTECS) has set a high bar for itself for the decade ahead.</p>


Digital-future enabler seeking ‘optimum returns’

<p>IGB Real Estate Investment Trust (KL:IGBREIT) has built a reputation for keeping its malls well occupied, growing rentals and continually refreshing its retail offerings to attract shoppers.</p>


Mid Valley Southkey expands growth runway

<p>It is the third consecutive year that Matrix Concepts Holdings Bhd (KL:MATRIX) is taking home The Edge Billion Ringgit Club (BRC) award for Highest return on equity (ROE) over three years among property companies below RM3 billion market capitalisation, underscoring its consistency and strategic execution.</p>


A strong boost from Vision Valley City

<p>Sunway Construction Group Bhd (KL:SUNCON) winning the grand award — Company of the Year — at The Edge Billion Ringgit Club (BRC) Awards 2026 marks another milestone for the construction arm of Sunway Bhd (KL:SUNWAY), as the group continues to strengthen its position in an increasingly competitive industry.</p>


<p>Spritzer Bhd’s (KL:SPRITZER) debut at The Edge Billion Ringgit Club (BRC) has been a rewarding one. The bottled water producer clinched its first award for Highest returns to shareholders over three years in the consumer products &amp; services sector after its adjusted share price more than tripled during the award assessment period.</p>


Making a splash with a maiden win 

<p>Sunway Construction Group Bhd (KL:SUNCON) garnered yet another recognition at The Edge Billion Club (BRC) Awards this year. But what makes this year’s achievement special is that it took home the grand award — Company of the Year — recognising its strong performance not only financially, but also in corporate responsibility.</p>
