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Stocks to watch: GuocoLand

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Michelle Zhu

Michelle Zhu

Published Fri, Jan 19, 2024 · 08:48 AM
    • GuocoLand is part of a consortium that emerged as the sole bidder for a white site in Marina South.
    • GuocoLand is part of a consortium that emerged as the sole bidder for a white site in Marina South. PHOTO: GOOGLE MAPS

    THE following company saw new developments that may affect trading of its securities on Friday (Jan 19):

    GuocoLand : The property developer was part of a consortium that emerged as the sole bidder for a white site in Marina South. The consortium’s bid in the closely watched tender came in at nearly S$770.5 million, or at a rate of S$984 per square foot per plot ratio, which is significantly below market expectations, The Business Times reported on Thursday. Shares of GuocoLand ended flat at S$1.44 before the news. 

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