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Guoco Group Limited

Corporate History

  - Hong Leong Group commenced investment activities in Hong Kong
  - Acquired Dao Heng Bank

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

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

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

  - Acquisition of Hang Lung Bank
  - Merger of Dao Heng Bank and Hang Lung Bank

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


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


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


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


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


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


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


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))

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


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

  - 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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