GL Limited

Last updated

GL Limited
FormerlyGuocoLeisure
Brierley Investments
SGX: B16
ASX:  BIL
NZX: GLL
Industry Investments
Founded1961
Founder Ron Brierley
HeadquartersSingapore
Parent Guoco Group
Subsidiaries See below
Website www.gl-grp.com

GL Limited is an investment company listed on the Singapore Exchange. Founded as Brierley Investments in 1961, it was formerly listed on the Australian, London and New Zealand exchanges.

Contents

History

Brierley Investments was founded by Ron Brierley in 1961 [1] [2] and in 1985 listed on stock exchanges in Australia, England and New Zealand. It grew to become one of the biggest and for a time most successful and glamorous companies in the 1980s. At its peak about 150,000 New Zealanders were Brierley Investments shareholders. [3]

In the 1980s Brierley Investments was a feared corporate raider [4] in Australia and Britain, but the firm stumbled after the 1987 sharemarket crash, and Brierley was eventually deposed in a boardroom coup. In the 1990s the firm's investments were poor, it mismanaged its foreign-exchange risk, and its balance sheet suffered. In 1999 the firm moved its head office to Singapore and listed on the Singapore Exchange. [5] In July 2002, BI was delisted from the Australian Securities Exchange. [6]

In 2003, Brierley Investments was acquired by the Guoco Group and rebranded GuocoLeisure in November 2007. [7] Due to a low volume of trading, GuocoLeisure's board decided to delist from the New Zealand Exchange in June 2014. [8] [9] [10]

Investments

Related Research Articles

<span class="mw-page-title-main">SkyCity Entertainment Group</span> New Zealand gambling company

SkyCity Entertainment Group, also known as simply SkyCity, is a gambling and entertainment company based in Auckland, New Zealand. It owns and operates five casino properties in New Zealand and Australia, which include a variety of restaurants and bars, three luxury hotels, a convention centre and Auckland's Sky Tower.

New Zealand's Exchange, known commonly as the NZX, is the national stock exchange for New Zealand and a publicly owned company. NZX is the parent company of Smartshares, and Wealth Technologies.

<span class="mw-page-title-main">AMP Limited</span> Financial services company in Australia and New Zealand

AMP is a financial services company in Australia and New Zealand providing superannuation and investment products, financial advice, and banking products including home loans and savings accounts. Its headquarters is in Sydney, Australia.

<span class="mw-page-title-main">Hong Leong Group</span> Malaysian conglomerate

Hong Leong Company (Malaysia) Berhad, more commonly known as Hong Leong Group, 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, and Europe.

<span class="mw-page-title-main">Infratil</span> New Zealand investment company

Infratil Limited is a New Zealand-based infrastructure investment company. It owns renewable energy, digital infrastructure, airports, and healthcare assets with operations in New Zealand, Australia, Asia, the US and Europe. Infratil was founded by the late Lloyd Morrison, a Wellington-based merchant banker. Morrison's company, Morrison & Co, morrisonglobal.com is responsible for Infratil's management and administration.

<span class="mw-page-title-main">SLI Systems</span>

SLI Systems provided cloud-based search tools for online retailers under a "software as a service" (SaaS) model. It was a public company listed on the New Zealand stock exchange.

<span class="mw-page-title-main">Fairfax Media</span> Australian media company

Fairfax Media was a media company in Australia and New Zealand, with investments in newspaper, magazines, radio and digital properties. The company was founded by John Fairfax as John Fairfax and Sons, who purchased The Sydney Morning Herald in 1841. The Fairfax family retained control of the business until late in the 20th century.

<span class="mw-page-title-main">Ron Brierley</span> New Zealand businessman

Ronald Alfred Brierley is a New Zealand investor and corporate raider, chairman and director of a number of companies in Australia, New Zealand and the UK.

UDC Finance Limited is a finance company in New Zealand. UDC's main expertise is now in providing asset-backed finance for plant, vehicles and equipment, where they do not rely on land or buildings as security. It is a subsidiary of Shinsei Bank.

Clermont Hotel Group, formerly named GLH Hotels Management and branded as glh., is a British-based global hotel company, headquartered in London, and subsidiary of GL Limited.

<span class="mw-page-title-main">Xero (company)</span> Accounting software company

Xero is a New Zealand–based technology company that provides cloud-based accounting software for small businesses. The company has offices in New Zealand, Australia, the United Kingdom, the United States, Canada, South Africa and Singapore. Xero's products are based on the software-as-a-service model and sold by subscription, based on the type and number of entities managed by the subscriber. The products are used in over 180 countries.

Morrison is a specialist global infrastructure manager, investing in both private and listed markets, with offices in New Zealand, Australia, United Kingdom, United States and Singapore.

<span class="mw-page-title-main">Guinness Peat Group</span>

Guinness Peat Group was an investment holding company with interests in Europe, Australia and New Zealand.

Vista Group International Limited is a multinational tech conglomerate that purports to provide technology for film distribution, exhibition and analytics globally. They are made up of eight businesses with more than 630 staff across offices in Auckland, Sydney, Los Angeles, London, Shanghai, Beijing, Mexico City, South Africa, the Netherlands and Romania. Its software is installed in cinemas in 116 countries. Vista Group is listed on both the New Zealand Stock Exchange (NZX) and Australian Securities Exchange (ASX).

<span class="mw-page-title-main">Pushpay</span> Australian software company

Pushpay Holdings Limited, known as Pushpay, is a donor management system for charities operating within the United States. It was publicly listed on the New Zealand Stock Exchange NZX and the Australian Securities Exchange ASX under the ticker code PPH, before being taken private in 2023.

<span class="mw-page-title-main">Frasers Property</span> Multi-national real estate and property management company

Frasers Property is a Singaporean multinational real estate and property management company that develops, owns, and manages properties across the globe. It owns and manages properties in the commercial, residential, hospitality, retail, and industrial and logistics sectors. Headquartered in Singapore, it trades on the main board of the Singapore Exchange Securities Trading Limited (SGX-ST). It also sponsors real estate investment trusts (REITs), including one stapled trust, two of which are also listed on the SGX-ST.

<span class="mw-page-title-main">Serko</span> Travel management company

Serko Limited, known as Serko, is a travel management and expense technology company headquartered in New Zealand.

Citrus Leisure PLC is a hotel chain in Sri Lanka. The hospitality company owns and operates Citrus Waskaduwa, Citrus Hikkaduwa and the Steuart by Citrus. The company was incorporated as Hotel Reefcomber Limited in 1973. In 2010, the company was rebranded as Citrus Leisure when Dilith Jayaweera and Varuni Fernando of Triad Advertising bought a stake in the company. In 1984, the company was quoted on the Colombo Stock Exchange.

References

  1. Who We Are GL Limited
  2. "Brierley Investments Limited (BRY)". intelligentinvestor.com.au. Archived from the original on 26 February 2014. Retrieved 20 February 2014.
  3. Van Den Bergh, Roeland (23 December 2013). "Remnants of Empire fade away". Stuff . Fairfax media. Retrieved 20 February 2014.
  4. "Brierley Investments: Grounded". The Economist . Retrieved 20 February 2014.
  5. Brierley Comes Home to Singapore CNN International Asia Pacific 10 September 1999
  6. Removal of BIL Securities from Official Quotation on ASX Australian Securities Exchange 28 June 2002
  7. GoodLeisure Limited New Zealand Exchange
  8. Delisting of GuocoLeisure Limited from NZX Main Board GuocoLeisure 23 December 2013
  9. GuocoLeisure, once known as Brierly, to leave NZX mid-2014 Scoop 23 December 2013
  10. Brierly Investments delisting end of an era New Zealand Herald 20 June 2014
  11. History Air New Zealand
  12. John Fairfax Holdings Ltd Australian Takeovers Panel