Tanco's existing issued shares total 830.43 million, of which Tan holds 441.56 million, representing a 51.49% stake.
“The truth is that I resigned because in the declaration before His Majesty the Yang di-Pertuan Agong, I did not receive support from my supporters. I did not have the majority and was no longer eligible to be the prime minister.”
The bank said in a statement that its BR will be lowered to 2.50% per annum from 2.75%, while its BLR will be revised to 6.15% from 6.40%.
“As a proactive shopping mall operator, we are committed to helping our retailers to succeed,” said CMRM retail management general manager Fern Tan.
It is expected to realise an estimated net gain on disposal of RM6.8 million for GuocoLand, which represents a consolidated earnings per share of one sen.