Singapore's GuocoLand to take Malaysian real estate firm private at $196 million valuation
03/02/2026 10:17
Feb 3 (Reuters) - Property developer GuocoLand (Malaysia) Berhad GUOL.KL said on Tuesday that its parent company, Singapore-based GuocoLand GUOC.SI, will buy the rest of the remaining shares it does not own in its Malaysian unit, valuing it at 770.5 million ringgit ($196.06 million). The proposal is priced at 1.10 ringgit per share to acquire nearly 35% of GuocoLand (Malaysia). ($1 = 3.9300 ringgit) (Reporting by Rajasik Mukherjee) ((Rajasik.Mukherjee@thomsonreuters.com;))
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