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GuocoLand Limited ( (SG:F17) ) has issued an announcement.
GuocoLand Limited has proposed to privatise its 67.93%-owned subsidiary GuocoLand (Malaysia) Berhad via a selective capital reduction and repayment exercise under Malaysian company law, offering minority shareholders RM1.10 per share in cash, a premium to recent market prices. If approved by the GuocoLand (Malaysia) board, disinterested shareholders, the Malaysian High Court and other relevant parties, the transaction will see GuocoLand (Malaysia) delisted from Bursa Malaysia, with GuocoLand’s Malaysian unit becoming the sole shareholder. The move is positioned as giving minority investors a chance to exit an illiquid stock at an attractive cash premium while enabling the Malaysian operations to operate as a fully private entity with a more streamlined structure and greater flexibility in managing resources.
The most recent analyst rating on (SG:F17) stock is a Hold with a S$3.00 price target. To see the full list of analyst forecasts on GuocoLand Limited stock, see the SG:F17 Stock Forecast page.
More about GuocoLand Limited
GuocoLand Limited is a regional property developer and investment group with operations in markets including Malaysia, where it controls GuocoLand (Malaysia) Berhad. Through its subsidiaries, the group focuses on real estate development, property investment, and related activities, and actively manages its listed and unlisted property interests to optimise capital structure and operational flexibility.
Average Trading Volume: 377,273
Technical Sentiment Signal: Buy
Current Market Cap: S$3B
See more insights into F17 stock on TipRanks’ Stock Analysis page.