Hong Leong Group commenced investment activities in Hong Kong
1982
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Acquired Dao Heng Bank
1983
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Listing of Dao Heng Bank and financial services group under Hong Leong Company Limited
1987
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Hong Leong Company Limited changed name to Dao Heng Holdings Limited
1988
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Acquisition of First Capital Corporation Ltd (now renamed as GuocoLand Limited ("GuocoLand"))
1989
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Acquisition of Hang Lung Bank
1990
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Merger of Dao Heng Bank and Hang Lung Bank
1991
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Corporate realignment - Guoco replaced Dao Heng Holdings as the listed holding company
1992
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Acquisition of 49% interests in HG Asia (Holdings), a major international institutional broker and financial advisory group in Hong Kong
1993
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Acquisition of Hong Leong Credit Berhad (now renamed as Hong Leong Financial Group Berhad) and became Guoco's associated company
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Acquisition of Overseas Trust Bank (OTB). Described by Euromoney Magazine as "The Deal of the Year"
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Listing of Dao Heng Bank Group on the Hong Kong Stock Exchange at 277 times over-subscription
1994
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GuocoLand made its first inroad into the China property market - Beijing Corporate Square
1995
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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
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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
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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
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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
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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
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Dao Heng Bank won the 1998 Hong Kong Top Ten Corporate Choice Award conducted by Asiamoney Magazine
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Disposal of interests in HG Asia (Holdings) (renamed as ABN AMRO Asia (Holdings))
1999
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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
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Dao Heng Bank Group was named the second best bank in Asia in a survey conducted by Asiamoney Magazine
2001
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Disposal of interests in Dao Heng Bank at 3.5 times book value
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Cash offer to repurchase 107 million Guoco shares at a total consideration of HK$5.35 billion
2002
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Infrastructure established to develop Proprietary Asset Management business
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Through the acquisition of interests in Hong Leong Properties Berhad (now renamed as "GuocoLand (Malaysia) Berhad"), GuocoLand built up its presence in Malaysia as one the core geographical markets
2003
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Sale of Dao Heng Fund Management Limited to Principal Financial Group
2004
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Hong Leong Group increased its interests in Guoco which became its subsidiary
2005
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Hong Leong Bank Berhad was granted an Islamic banking licence and set up Hong Leong Islamic Bank Berhad
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Acquisition of control in BIL International Limited ("BIL") via a mandatory general offer and launched into the Hospitality and Leisure Business
2006
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BIL was granted a prominent gaming concession by the Gambling Commission of Great Britain and obtained Certificates of Consent to open 16 casinos in selected Thistle Hotels and other sites
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GuocoLand completed mandatory general offer on GuocoLand (Malaysia) Berhad ("GLM") which then became a GuocoLand's subsidiary with embedded operations in Malaysia
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Listing of Tower REIT managed by GLM, with an initial market capitalisation of RM251.6 million
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Hong Leong Assurance Berhad and Hong Leong Bank Berhad via an joint venture set up with Tokio Marine & Nichido Fire Insurance Co. Ltd make further inroad into the Takaful business in Malaysia and overseas
Holding Company - Hong Leong Group Malaysia
Since its inception in 1963, the Hong Leong Group Malaysia has become one of the largest conglomerates in Malaysia and ASEAN. Over the years, the Hong Leong Group Malaysia expanded and diversified into various industries and business activities both in Malaysia and abroad. It currently holds investments in Hong Kong, China, Singapore, the Philippines, the UK and the USA. The Hong Leong Group Malaysia's globally diversified core businesses are firmly rooted in the key sectors of financial services, manufacturing and distribution, property investment and development. Its extensive operations are controlled through four holding companies: Hong Leong Industries, Hume Industries, Hong Leong Financial Group (formerly known as Hong Leong Credit) and Hong Kong based Guoco Group.
Business Coverage
Guoco Group is an investment holding company. The principal activities of its subsidiaries and associated companies include Proprietary Asset Management, Property Development and Investment, Hospitality and Leisure Business as well as Financial Services including banking and finance, insurance, fund management, stock and commodity broking and investment advisory, operating principally in Hong Kong, China, Singapore, Malaysia and the United Kingdom, etc.
Group Industrial Master Plan ("GIMP") Vision
To achieve superior, long term sustainable shareholders return in pursuit of GIMP and in pursuit of Prime Value,
by growing our core businesses:
Proprietary Asset Management
Property Development and Investment
Hospitality and Leisure Business
Financial Services
Mission
To create a GIMP investment organization to achieve the agreed vision.
