The 82-year-old Malaysian tycoon has a net worth of US$7.4 billion, according to the Bloomberg Billionaires Index
Published Tue, Feb 3, 2026 · 01:24 PM
[SINGAPORE] Billionaire Quek Leng Chan is weighing taking his property developer unit in Malaysia private, according to sources familiar with the matter.
Guocoland, a Singapore-listed builder controlled by the billionaire, plans to make an offer to buy out the Kuala Lumpur-listed unit, said the sources, asking not to be named as the information is not public.
Guocoland controls over 65 per cent of Guocoland Malaysia’s shares, and Quek retains a nearly 3 per cent direct stake in the unit, according to its latest annual report.
Guocoland Malaysia and Guocoland requested for trading halts on Monday (Feb 2) pending an announcement. Both did not immediately respond to e-mailed requests for comment.
Quek, who has an interest in nearly 72 per cent of Guocoland’s shares, is also the Singapore developer’s chairman. The 82-year-old Malaysian tycoon has a net worth of US$7.4 billion, according to the Bloomberg Billionaires Index.
Shares of Guocoland Malaysia have risen about 60 per cent this year, giving it a market value of RM655 million (S$209 million). The stock last traded 93.5 sen on Jan 30. BLOOMBERG
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