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BRIEF-Guocoland (Malaysia) says unit to dispose entire interests in PD Resort and JB Parade
November 17, 2017 / 12:56 PM / in a month

BRIEF-Guocoland (Malaysia) says unit to dispose entire interests in PD Resort and JB Parade

Nov 17 (Reuters) - Guocoland (Malaysia) Bhd <GUOL.KL >

* Guoman Hotel & Resort entered 2 share sale agreements with Guocoland Hotels for 116.0 million rgt and 107.9 million rgt

* Unit Guoman Hotel & Resort to dispose entire interests in PD Resort Sdn and JB Parade Sdn

* Estimated gross proceeds of about 223.9 million rgt

* GLM Group expects to realise estimated net gain on disposals of about 68.9 million rgt Source: bit.ly/2j2vPHU Further company coverage: [GUOL.KL ]

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