GuocoLand Malaysia shares to be suspended on July 30 ahead of privatisation

PETALING JAYA (July 17): Trading of GuocoLand (Malaysia) Bhd (GLM) shares on the Main Market of Bursa Malaysia Securities will be suspended from 9am on July 30, 2026, as the company moves to complete its proposed privatisation via a selective capital reduction and repayment exercise under Section 116 of the Companies Act 2016.

In an announcement on Thursday, GLM said Maybank Investment Bank, on behalf of the board, had issued a notice to shareholders on the trading suspension and the entitlement date for the privatisation exercise.

The last date and time for trading of GLM shares before the suspension will be 5pm on July 29, 2026.

Trading will remain suspended until completion of the exercise and GLM’s delisting from the official list of Bursa Malaysia Securities.

Under the privatisation exercise, shareholders of GLM other than GLL (Malaysia) Pte Ltd whose names appear in the Record of Depositors as at 5pm on July 31, 2026 will be entitled to receive a cash consideration of RM1.10 per GLM share.

The settlement of the offer price will be made within 10 days from the date an office copy of the sealed High Court order dated July 13, 2026, confirming the reduction of GLM’s issued share capital under Section 116 of the Companies Act 2016, is lodged with the Registrar of Companies in accordance with subsection 116(6) of the Act.

The proposed privatisation was first announced on Feb 3, 2026, with GLM issuing subsequent updates leading up to the notice of trading suspension and entitlement date.

Upon completion of the selective capital reduction and repayment exercise, GLM is expected to be delisted from Bursa Malaysia Securities.

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