Guocoland (Malaysia) Bhd (GLM) will suspend trading of its shares on the Main Market of Bursa Malaysia effective July 30, the company announced.

The suspension is a procedural step preceding the firm's formal delisting from the exchange.

A wholly-owned subsidiary of the Singapore parent, GLL IHT, recently priced a S$110 million (US$81.

The move concludes the public listing status of the Malaysian subsidiary, which operates under the broader GuocoLand Group umbrella.

Investors holding shares will see liquidity vanish after the suspension date, with no further trading possible on the local board.

The delisting follows a period of financial activity for the wider group.

A wholly-owned subsidiary of the Singapore parent, GLL IHT, recently priced a S$110 million (US$81.5 million) offering of fixed-rate notes due in 2030 at a coupon of 2.5%.