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10 stories mentioning KLSE:GUOCOUpdated 10d ago

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Asia

Malaysian Shares End in Red After Trade Surplus Shrinks in June; Silver Ridge's Shares Rise 3%

Malaysian shares ended in the red on Monday, erasing yesterday's gains. Investor sentiment was downbeat after the trade surplus narrowed in June from a month earlier, missing the Trading Economics forecast.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, shed 9.16 points to end 0.5% lower at 1,722.29.In economic news, Malaysia's trade surplus narrowed to 14.9 billion ringgit in June from 39.9 billion ringgit in May, according to data from the Department of Statistics Malaysia. While the latest print missed the Trading Economics forecast of 42 billion ringgit for the month, it was still up 64.9% from a year earlier.Total exports grew 45.4% year over year to 177.9 billion ringgit, slightly faster than the 45.3% increase in May. On a month-on-month basis, exports declined 3.2%. Imports rose 43.9% to a record 163 billion ringgit. The pace of growth accelerated from the 14.1% increase in May. Compared with the previous month, imports declined 13.2%.Malaysia's state pension fund Kumpulan Wang Persaraan (KWAP) said it invested 163.4 million ringgit in Indonesian agritech startup eFishery for a 2.51% minority stake and is pursuing "all available avenues to maximize recovery of the investment." The statement followed a Bloomberg report that Malaysia's anti-graft agency had launched an investigation into losses linked to KWAP's investment in eFishery.In corporate news, shares of Silver Ridge (KLSE:SRIDGE) slid about 3% on close after its unit, Ingress Delta Construction, secured a letter of award from Makna Setia for subcontract works on a mixed-use development in Selangor, Malaysia.GuocoLand (Malaysia) (KLSE:GUOCO) shares will be suspended from trading starting July 30 to facilitate the implementation of its selective capital reduction and repayment exercise. The suspension follows its announcements on July 16 and July 17 regarding the proposed exercise.

FTSE Bursa Malaysia KLCIKLSE:GUOCOKLSE:SRIDGE
Asia

GuocoLand (Malaysia) to Suspend Trading Ahead of Selective Capital Reduction, Repayment Exercise

GuocoLand (Malaysia) (KLSE:GUOCO) shares will be suspended from trading starting July 30 to facilitate the implementation of its selective capital reduction and repayment exercise.The suspension follows its announcements on July 16 and July 17 regarding the proposed exercise, according to a Monday Malaysian bourse filing.The exercise is part of the company's plan to return capital to shareholders and take the company private.

KLSE:GUOCO
Asia

Malaysian Shares End Week in Green on Upbeat Economic Data

Malaysian shares ended in the green on Friday, extending yesterday's gains. Investor sentiment was further boosted by faster GDP growth in the second quarter, as well as slower inflation in JuneThe FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 9.26 points to end 0.5% higher at 1,731.45.In economic news, Malaysia's economy expanded 5.8% year over year in the second quarter of 2026, according to advance estimates released by the Department of Statistics Malaysia. The headline reading compared with the 5.4% year-over-year growth recorded in the preceding quarter, coming in above the 5.3% Trading Economics forecast.Moreover, Malaysia's headline consumer price index (CPI) rose 1.9% year over year in June, according to data from the Department of Statistics Malaysia. The reading missed the consensus forecast of 2% tracked by Investing.com. It was also softer than a 2% expansion recorded in the previous month.In corporate news, GuocoLand (Malaysia) (KLSE:GUOCO) will suspend trading on July 30, ahead of the implementation of its privatization, via a selective capital reduction and repayment exercise. The privatization date has been fixed for July 31, with entitled shareholders to receive 1.10 ringgit in cash for each GLM share held on that date.Shares of Kerjaya Prospek Group (KLSE:KERJAYA) gained a little over 1% on Friday's close after its unit Acumen Marketing subscribed for 70 million new shares, or a 9.09% stake in ES Sunlogy, for 18.8 million ringgit.

FTSE Bursa Malaysia KLCIKLSE:GUOCOKLSE:KERJAYA
Asia

GuocoLand (Malaysia) to Suspend Trading on July 30 Ahead of Privatization

GuocoLand (Malaysia) (KLSE:GUOCO) will suspend trading on July 30, ahead of the implementation of its privatization, via a selective capital reduction and repayment exercise, according to a Thursday Malaysian bourse filing.The privatization date has been fixed for July 31, with entitled shareholders to receive 1.10 ringgit in cash for each GLM share held on that date.The cash consideration is scheduled to be paid on Aug. 7, after which the company's entire issued share capital will be cancelled.Following the privatization, GuocoLand (Malaysia) will be delisted from the Main Market of Bursa Malaysia Securities, it said.

KLSE:GUOCO
Asia

GuocoLand Gets Court Approval for Capital Reduction Under Privatization

GuocoLand (Malaysia) (KLSE:GUOCO) has received an order from the High Court in Malaya on Monday confirming its capital reduction, according to a same-day disclosure to the Malaysian bourse.This court approval paves the way for the property developer's privatization, after which it will be delisted from Bursa Malaysia.

KLSE:GUOCO
Asia

Malaysian Shares End Week in Green Despite Downbeat Regional Performance

Malaysian shares extended yesterday's gains to end in the green territory on Friday, bucking regional losses.The FTSE Bursa Malaysia KLCI, the main gauge of Malaysian stocks, gained 10.2 points to end 0.6% higher at 1,693.43. The day range was between 1,684.36 and 1,698.53.In economic news, Malaysia rejected the US claims about excess production capacity and forced labor as trade talks between the two countries continue, The Star reported, citing Investment, Trade and Industry Minister Johari Abdul Ghani. Johari said the country does not have surplus production capacity and denied claims that foreign goods are being routed through Malaysia for export to the United States.In corporate news, shares of OSK Property (KLSE:OSKPROP) slid over 2% on Friday's close after it launched a 690 million ringgit beachfront freehold development, called OSK Ombak. The project, in Kuantan, Malaysia, will feature 1,274 fully furnished serviced apartments across three blocks, along with retail units, and is scheduled for completion in 2030.GuocoLand (Malaysia) (KLSE:GUOCO), filed a formal petition with the High Court of Malaysia to confirm its proposed share capital reduction and repayment framework. Shares ended flat today.

FTSE Bursa Malaysia KLCIKLSE:GUOCOKLSE:OSKPROP
Asia

Correction: GuocoLand's Malaysian Unit Moves Closer to Delisting Following High Court Petition

(Corrects the first paragraph to fix a typo and clarify the unit's name)GuocoLand's (SGX:F17) Malaysia-listed unit, GuocoLand (Malaysia) (KLSE:GUOCO), filed a formal petition with the High Court of Malaysia to confirm its proposed share capital reduction and repayment framework, according to a Thursday filing.The court application, submitted on June 4, serves as the primary legal step remaining to execute the company's privatization via a selective capital reduction mechanism.This follows the property developer's shareholders approving the proposed privatization of the company at an extraordinary general meeting held on May 29.

KLSE:GUOCOSGX:F17
Asia

GuocoLand's Malaysian Unit Moves Closer to Delisting Following High Court Petition

GuocoLand's (SGX:F17) Malaysia-listed unit, declined (Malaysia) (KLSE:GUOCO), filed a formal petition with the High Court of Malaysia to confirm its proposed share capital reduction and repayment framework, according to a Thursday filing.The court application, submitted on June 4, serves as the primary legal step remaining to execute the company's privatization via a selective capital reduction mechanism.This follows the property developer's shareholders approving the proposed privatization of the company at an extraordinary general meeting held on May 29.

KLSE:GUOCOSGX:F17
Asia

GuocoLand Malaysia Wins Shareholder Backing for Privatization

Guoco Group (HKG:0053) said shareholders of GuocoLand (Malaysia) (KLSE:GUOCO) approved a proposed privatization of the Malaysian property developer at an extraordinary general meeting held Friday, according to a same-day filing with the Hong Kong bourse.The privatization, proposed by GLL (Malaysia), a wholly owned subsidiary of GuocoLand (Singapore), will be carried out through a selective capital reduction and repayment exercise.Guoco Group said in February that the transaction would result in GuocoLand (Malaysia) becoming an indirect wholly owned subsidiary of GuocoLand and lead to its delisting from Bursa Malaysia upon completion.The transaction remains subject to remaining conditions, including approval from the High Court in Malaya and the subsequent lodgement of the court order with the registrar.Subject to those conditions being met, the privatization is expected to be completed in the first quarter of fiscal 2027, the filing said.

HKG:0053KLSE:GUOCO
Asia

GuocoLand's Malaysian Unit's Shareholders Vote in Favor of Delisting

Guocoland's (SGX:F17) Malaysia-listed unit, GucoLand (Malaysia) (KLSE:GUOCO) passed a special resolution for the delisting of the company via a selective capital reduction at an extraordinary general meeting on Friday, according to a same-day filing with the Singapore Exchange.Shares of the developer were down under 1% in Monday trading.

KLSE:GUOCOSGX:F17

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