GuocoLand to be delisted from Bursa Malaysia on Aug 18

Thursday 17 Sep 2026

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KUALA LUMPUR (Aug 13): GuocoLand (Malaysia) Bhd (KL:GUOCO) will be delisted from Bursa Malaysia Securities Bhd with effect from 9am on Aug 18, following the completion of its privatisation by controlling shareholder GLL (Malaysia) Pte Ltd (GLLM).

The delisting follows GLLM's RM1.10 per share selective capital reduction and capital repayment exercise, which was proposed in February to take GuocoLand Malaysia private. GLLM, which previously held 65.03% of GuocoLand Malaysia, offered to acquire the remaining 34.97% stake, or 244.95 million shares, for RM269.45 million.

Under the exercise, the 244.95 million shares held by minority shareholders will be cancelled, reducing GuocoLand Malaysia's total issued shares to 455.51 million, all of which will be held by GLLM.

The privatisation proposal was premised on GuocoLand Malaysia's low share-trading liquidity and the limited benefits of maintaining its listing status, while offering minority shareholders an opportunity to exit at a premium.

GuocoLand Malaysia most recently reported a net loss of RM6.21 million for the third quarter ended March 31, 2026 (3QFY2026), its first quarterly loss in four years, despite revenue rising 57.17% to RM151.77 million.

The weaker performance was mainly due to a RM7.2 million inventory writedown on its PJ City project, additional rebates under new sales packages and a higher revenue mix from the lower-margin affordable segment of its Emerald 9 project in Cheras.

For 9MFY2026, net profit fell 45.83% to RM6.56 million from RM12.11 million a year ago, despite revenue rising 37.14% to RM425.31 million from RM310.13 million.

GuocoLand Malaysia's shares last traded at RM1.10 on July 29, before trading in the stock was suspended on July 30.

Edited ByEmir Zainul

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