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Hong Leong Group
Hong Leong Financial Group Berhad () is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Quek Leng Chan and Kwek Hong Png, the company controls 14 listed companies involved in the financial services, manufacturing, distribution, property and infrastructure development. The group's shares are listed on stock exchanges of Malaysia, Singapore, Hong Kong, Manila and Europe. Hong Leong Group Banking Hong Leong Financial Group is the holding company for Hong Leong Group's banking and financial services. * Hong Leong Bank * Hong Leong Capital * Hong Leong Assurance Manufacturing * Hong Leong Industries Berhad * Malaysian Pacific Industries Berhad * Southern Steel Berhad * Hume Industries Berhad Property development * Guoco Group * Guoco Leisure Ltd - the holding company (listed on Singapore Exchange) of an international hospitality and leisure group, operating through a subsidiary GLH Hotels Limited headquartered in London, UK. Malaysian Newsprint Industrie ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Leong Capital
Hong Leong Capital Berhad () is an investment holding company listed on the Bursa Malaysia whereby its subsidiaries are involved in stock and share broking, acting as agent and nominee for clients, corporate advisory services, fund management, unit trusts, share financing, futures and options broking. It is part of the Hong Leong Group Hong Leong Financial Group Berhad () is a conglomerate based in Malaysia. Founded as a trading company in 1963 by Quek Leng Chan and Kwek Hong Png, the company controls 14 listed companies involved in the financial services, manufacturing, distri ... conglomerate. History Privatization attempt In January 2013, Hong Leong Capital's parent Hong Leong Financial Group attempted to privatize it's investment banking arm for RM1.71 per share. However, the deal fell through by February 2013 as minority shareholders were not satisfied with the offer. References External links * 1991 establishments in Malaysia Companies listed on Bursa Malay ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Financial Services Companies Established In 1963
Finance is the study and discipline of money, currency and capital assets. It is related to, but not synonymous with economics, the study of production, distribution, and consumption of money, assets, goods and services (the discipline of financial economics bridges the two). Finance activities take place in financial systems at various scopes, thus the field can be roughly divided into personal, corporate, and public finance. In a financial system, assets are bought, sold, or traded as financial instruments, such as currencies, loans, bonds, shares, stocks, options, futures, etc. Assets can also be banked, invested, and insured to maximize value and minimize loss. In practice, risks are always present in any financial action and entities. A broad range of subfields within finance exist due to its wide scope. Asset, money, risk and investment management aim to maximize value and minimize volatility. Financial analysis is viability, stability, and profitability as ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Companies Listed On Bursa Malaysia
A company, abbreviated as co., is a legal entity representing an association of people, whether natural, legal or a mixture of both, with a specific objective. Company members share a common purpose and unite to achieve specific, declared goals. Companies take various forms, such as: * voluntary associations, which may include nonprofit organizations * business entities, whose aim is generating profit * financial entities and banks * programs or educational institutions A company can be created as a legal person so that the company itself has limited liability as members perform or fail to discharge their duty according to the publicly declared incorporation, or published policy. When a company closes, it may need to be liquidated to avoid further legal obligations. Companies may associate and collectively register themselves as new companies; the resulting entities are often known as corporate groups. Meanings and definitions A company can be defined as an "artificial per ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
1963 Establishments In Malaysia
Events January * January 1 – Bogle–Chandler case: Commonwealth Scientific and Industrial Research Organisation scientist Dr. Gilbert Bogle and Mrs. Margaret Chandler are found dead (presumed poisoned), in bushland near the Lane Cove River, Sydney, Australia. * January 2 – Vietnam War – Battle of Ap Bac: The Viet Cong win their first major victory. * January 9 – A total penumbral lunar eclipse is visible in the Americas, Europe, Africa, and Asia, and is the 56th lunar eclipse of Lunar Saros 114. Gamma has a value of −1.01282. It occurs on the night between Wednesday, January 9 and Thursday, January 10, 1963. * January 13 – 1963 Togolese coup d'état: A military coup in Togo results in the installation of coup leader Emmanuel Bodjollé as president. * January 17 – A last quarter moon occurs between the penumbral lunar eclipse and the annular solar eclipse, only 12 hours, 29 minutes after apogee. * January 19 – Soviet spy Ghe ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
DBS Bank (Hong Kong)
DBS Bank (Hong Kong) Limited () is a licensed bank incorporated in Hong Kong. It is a subsidiary of DBS Bank headquartered in Singapore and it is also the seventh-largest bank in Hong Kong by total assets. History In 1999, DBS Bank acquired Kwong On Bank and formed the DBS Kwong On Bank Limited. In 2001, DBS Bank acquired Dao Heng Bank, including its subsidiary, Overseas Trust Bank, from Guoco Group. In 2003, DBS Bank merged the three banks, DBS Kwong On Bank Limited, Dao Heng Bank and Overseas Trust Bank, to form DBS Bank (Hong Kong). Mei Foo Branch Incident On October 5, 2004, DBS Bank (Hong Kong) Limited announced that, during the renovation of its branch in Mei Foo Sun Chuen, in Kowloon, when the bank attempted to remove more than 900 empty safety boxes from the branch, 83 safety boxes rented by customers and containing valuables were accidentally removed. The 83 boxes were subsequently sent to a scrapyard and crushed. The bank reported that 36 boxes were recovered, although ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Overseas Trust Bank
Overseas Trust Bank Limited (OTB) () was a bank in Hong Kong. It was established in 1955 by Chang Ming Thien, a Malaysian businessman and it was listed on the Hong Kong Stock Exchange in 1972. It was the fourth largest bank in Hong Kong before acquisition. Collapse and takeover by Government On June 6, 1985, OTB suddenly announced that it was on the brink of collapse, due to its severe cash flow and bad debt problems. Bad debts held by the bank reached US$89.5 million. To recover the confidence of the public and investors of the Hong Kong banking system, the Hong Kong Government stepped in and took over OTB in the following day. From 1985 to 1986, the government ordered the Royal Hong Kong Police and ICAC to investigate the causes of OTB downfall. In May 1986, the former chairman of OTB, Patrick C.T. Chang, was arrested at the Hong Kong International Airport reportedly with a large amount of cash and jewellery. In 1987, Chang and OTB's former senior management were sent ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Dao Heng Bank
Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited. Dao Heng Bank Limited was established in Hong Kong in 1921. It was acquired by Guoco Group (a member of the Hong Leong Group) in 1982 and was listed on the Hong Kong Stock Exchange in 1983. In 1989, it acquired Hang Lung Bank from the Hong Kong Government. In 1993, it acquired Overseas Trust Bank from the Hong Kong Government. Instrumental in this merger, which Euromoney Magazine called "The Deal of the Year", was Managing Director Mr. Werner M. M. Makowski. A deal which led to Dao Heng Bank Group's listing on the Hong Kong Stock Exchange to be 277 times over-subscribed. On 6 December 1999, it joined to be Hang Seng Index Constituent Stocks ( blue chip), making it one of the 4 leading banks that were HSI constituents. In 2001, Singaporean DBS Bank acquired Dao Heng Bank fro ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Malaysian Newsprint Industries
Asia Honour Paper Industries (M) Sdn. Bhd., formerly known as Malaysian Newsprint Industries Sdn. Bhd. (abbreviated MNI), is a pulp and paper company based in Malaysia. It operates a single pulp mill and paper mill in Mentakab, Pahang, which produces an annual 280,000 tonnes of newsprint sourced entirely from deinked pulp from recycled paper. In 2017, MNI was the largest supplier for Media Chinese International Ltd, which owns local mandarin newspapers such as ''Sin Chew Daily'' and ''Nanyang Siang Pau''. History The company was established in 1996, in an attempt to allow Malaysian and Singaporean newspaper to source their newsprint without having to import. The company was established as a joint venture between the New Zealand newsprint manufacturer Fletcher Challenge Paper, the Malaysian family conglomerate the Hong Leong Group, each with 33.65 percent of the shares, with the remainder split between the New Straits Times Press and Rimbunan Hijau. The mill opened in April 1 ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
GLH Hotels
GLH Hotels Management (UK) Limited (branded glh.) is a British-based global hotel company, headquartered in London, and subsidiary of GL Limited. GLH is the largest owner-operator hotel management company in London with over 5,000 hotel rooms. The brandname is an abbreviation of "Great London Hospitality". glh Hotels operates 4 hotel brands: Guoman, The Clermont, Thistle, Thistle Express, and Hard Rock. The Thistle brand operates nine hotels with seven in central London, one at London Heathrow and one in Poole. Guoman has four hotels under its collective branding: the 5-star Royal Horseguards Hotel, the Tower Hotel, Amba Hotel Marble Arch and The Cumberland Hotel all located in London. The Clermont consists of The Clermont Charing Cross and The Clermont Victoria. History On 11 June 2013, GLH announced its new global owner-operator strategy focusing on the 100 global cities with a 10-year ambition to become "the world’s best managed hospitality company", delivering "the be ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Guoco Group
Guoco Group Limited (, ) is an investment holding company. The principal activities of its subsidiaries and associated companies include investment and treasury management, property development and investment, stock and commodity broking, insurance, investment advisory, fund management as well as banking and finance, operating principally in Hong Kong, Singapore, Malaysia and the mainland of the PRC, etc. It is part of the Hong Leong Group Malaysia. See also *Dao Heng Bank Dao Heng Bank Group Limited (former stock code: ) () was a bank holding company in Hong Kong and it had two major subsidiaries before being acquired, Dao Heng Bank Limited and Overseas Trust Bank Limited. Dao Heng Bank Limited was established ... References External links * {{HK-company-stub Companies listed on the Hong Kong Stock Exchange Financial services companies of Hong Kong ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
Hong Leong Bank
Hong Leong Bank Berhad (; ) is a major public listed banking group in Malaysia. History Early beginnings Hong Leong Bank began its operations in 1905 in Kuching, Sarawak, under the name of ''Kwong Lee Mortgage & Remittance Company''. The company granted loans against the security of export commodities such as pepper, rubber and other indigenous products. It also provided the services of remitting money of overseas Chinese to their families in the Southeast region of China. In the initial years, the company went through a difficult period of growth, caught in the middle of a few economic crises. The First World War broke out in 1914 causing panic in the financial circles. A few years after hostilities ended, the post-war Recession of 1920-1921 set in. After the recession, the company opened its branch in Sibu in 1923. Three years later, another branch was opened in Singapore in 1926. The year 1929 saw the start of the Great Depression that lasted until 1933. The Depression c ... [...More Info...] [...Related Items...] OR: [Wikipedia] [Google] [Baidu] |
