Corporate Milestones

  • 2021

    Privatisation of GL Limited in June.

  • 2019

    Acquisition of Manuka Health New Zealand.

  • 2018

    Proposed privatisation of Guoco by scheme of arrangement. Offer lapsed in November 2018.

  • 2016

    Guoco sold its securities business in Hong Kong.

  • 2013

    Rank acquired Gala Casinos Limited.

    Proposed privatisation of Guoco by general offer which lapsed in May 2013.

  • 2012

    GL established a S$300 million multicurrency medium term note programme.

    Guoco established a US$3 billion medium term note programme and issued a US$500 million 4.75% notes due 2017.

  • 2011

    Hong Leong Bank completed the acquisition of EON Bank Group.

    Guoco acquired control of The Rank Group Plc (“Rank”) via a mandatory cash offer.

    GuocoLand updated and upsized its multicurrency medium term note programme from S$800 million to S$1.5 billion.

  • 2010

    HLFG's insurance arm formed a joint venture in respect of their life and general insurance business, namely Hong Leong Assurance Berhad and MSIG Insurance (Malaysia) Berhad.

    GuocoLand completed a rights issue of S$533 million.

  • 2008

    GuocoLand established a S$800 million multicurrency medium term note programme.

    Following Guoco's investment into Pepsi Cola Products Philippines, Inc (“PCPPI”) in 1998, PCPPI was successfully listed on the Philippines Stock Exchange.

  • 2007

    GuocoLand completed a S$690 million convertible bond issue due 2012 and a rights issue of S$555 million.

  • 2006

    Tower REIT managed by GuocoLand Malaysia was listed on Bursa Malaysia.

  • 2005

    Guoco acquired control of BIL International Limited (now known as “GL Limited” (“GL”)) via a mandatory general offer.

    Hong Leong Bank set up Hong Leong Islamic Bank Berhad.

  • 2004

    Hong Leong Group increased its shareholding interests in Guoco which became its subsidiary.

  • 2003

    Sale of Dao Heng Fund Management Limited to Principal Financial Group.

  • 2002

    GuocoLand acquired control in Hong Leong Properties Berhad (renamed as "GuocoLand (Malaysia) Berhad" ("GuocoLand Malaysia")) to establish presence in Malaysia.

    Guoco established to develop Proprietary Asset Management (now known as Principal Investment) business.

  • 2001

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

    Guoco repurchased its shares via a cash offer at between HK$50.00 and HK$55.00 in cash per share.

  • 2000

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

  • 1999

    Dao Heng Bank Group became one of the Hang Seng Index (HSI) constituent stocks.

  • 1998

    Dao Heng Bank's Treasury Division was expanded and officially renamed as "Dao Heng 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)).

  • 1997

    Dao Heng Bank launched "DaoHengDirect" to provide full range of telephone banking services via a pioneer Customer Relationship Management (CRM) system.

    Dao Heng Bank issued US$350 million 10-year Yankee bond.

  • 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.

  • 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.

  • 1994

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

  • 1993

    Acquisition of Hong Leong Credit Berhad (renamed as “Hong Leong Financial Group Berhad” ("HLFG")) 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.

  • 1992

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

  • 1991

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

  • 1990

    Merger of Dao Heng Bank and Hang Lung Bank.

  • 1989

    Acquisition of Hang Lung Bank.

  • 1988

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

  • 1987

    Hong Leong Company Limited changed its name to Dao Heng Holdings Limited.

  • 1983

    Dao Heng Bank and financial services group under Hong Leong Company Limited were listed.

  • 1982

    Hong Leong Group acquired Dao Heng Bank.

  • 1973

    Hong Leong Group commenced investment activities in Hong Kong.

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