NewTimeSpace News:On March 16, 2026, GuocoLand released an announcement disclosing a proposed connected person transaction. The announcement stated that River Modern Pte. Ltd., the wholly-owned subsidiary of GuocoLand, intends to grant Mr. Kyle John Tan Wei Hao, the son of Ms. Madeleine Lee Suh Shin (a director of the company and a member of its Audit and Risk Committee), an option to purchase Unit #18-08 at River Modern, its residential development project.

According to the announcement, the transaction price of the proposed unit for sale is S$2.24 million. Pursuant to Rule 912 of the Listing Manual of the Singapore Exchange Securities Trading Limited, the Audit and Risk Committee has reviewed the transaction and confirmed that the terms of the transaction are fair and reasonable and do not prejudice the interests of GuocoLand's shareholders.

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