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Guoco Group Limited

Corporate History

Milestones
   1973
  - Hong Leong Group commenced investment activities in Hong Kong
   1982
  - Acquired Dao Heng Bank
   1983
  -

Listing of Dao Heng Bank and financial services group under Hong Leong Company Limited

   1987
  - Hong Leong Company Limited changed name to Dao Heng Holdings Limited
   1988
  -

Acquisition of First Capital Corporation Ltd (renamed as GuocoLand Limited ("GuocoLand"))

   1989
  - Acquisition of Hang Lung Bank
   1990
  - Merger of Dao Heng Bank and Hang Lung Bank
   1991
  -

Corporate realignment - Guoco replaced Dao Heng Holdings as the listed holding company

   1992
  -

Acquisition of 49% interests in HG Asia (Holdings), a major international institutional broker and financial advisory group in Hong Kong

   1993
  -

Acquisition of Hong Leong Credit Berhad (renamed as Hong Leong Financial Group Berhad) and became Guoco's associated company

  -

Acquisition of Overseas Trust Bank (OTB). Described by Euromoney Magazine as "The Deal of the Year"

  -

Listing of Dao Heng Bank Group on the Hong Kong Stock Exchange at 277 times over-subscription

   1994
  -

GuocoLand made its first inroad into the China property market - Beijing Corporate Square

   1995
  -

Launch of ComPass Card - the world's first VME compatible microchip credit card, demonstrating the Bank's leading role in the credit card industry

   1996
  -

Dao Heng Bank was designated as one of the HIBOR reference banks by the Hong Kong Association of Banks and was appointed a market maker of Exchange Fund Bills and Bonds

   1997
  -

Establishment of an advanced computer-telephone-integrated "Call Centre" with pioneer Customer Relationship Management (CRM) system. Dao Heng Bank launched "DaoHengDirect" to provide full range of telephone banking services, e.g. mortgage applications and investment services

  -

Dao Heng Bank issued US$350 million 10-year Yankee bond, representing the then largest subordinated Yankee bond issue by a private Asian bank outside Japan

   1998
  -

Expansion of Dao Heng Bank's Treasury Division and officially renamed as "Dao Heng Markets" - reflecting its active participation and leading role in the Hong Kong financial markets

  -

Dao Heng Bank won the 1998 Hong Kong Top Ten Corporate Choice Award conducted by Asiamoney Magazine

  - Disposal of interests in HG Asia (Holdings) (renamed as ABN AMRO Asia (Holdings))
   1999
  -

Dao Heng Bank Group became one of the Hang Seng Index (HSI) constituent stocks, making it one of the four leading banks included in the HSI

   2000
  -

Dao Heng Bank Group was named the second best bank in Asia in a survey conducted by Asiamoney Magazine

   2001
  - Disposal of interests in Dao Heng Bank at 3.5 times book value
  -

Cash offer to repurchase 107 million Guoco shares at a total consideration of HK$5.35 billion

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