GL Limited
| Formerly | GuocoLeisure Brierley Investments |
|---|---|
| SGX: B16
ASX: BIL NZX: GLL | |
| Industry | Investments |
| Founded | 1961 |
| Founder | Ron Brierley |
| Headquarters | Singapore |
| 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.
History
[edit]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
[edit]- Air New Zealand (35%)[11]
- Fairfax Media (25%)[12]
- GLH Hotels
- Guinness Peat Group
- Industrial Equity Limited
- James Hardie (29%)
- Thistle Hotels (46%)
- Union Company (100%)
References
[edit]- ^ Who We Are GL Limited
- ^ "Brierley Investments Limited (BRY)". intelligentinvestor.com.au. Archived from the original on 26 February 2014. Retrieved 20 February 2014.
- ^ Van Den Bergh, Roeland (23 December 2013). "Remnants of Empire fade away". Stuff. Fairfax media. Retrieved 20 February 2014.
- ^ "Brierley Investments: Grounded". The Economist. Retrieved 20 February 2014.
- ^ Brierley Comes Home to Singapore CNN International Asia Pacific 10 September 1999
- ^ Removal of BIL Securities from Official Quotation on ASX Australian Securities Exchange 28 June 2002
- ^ GoodLeisure Limited New Zealand Exchange
- ^ Delisting of GuocoLeisure Limited from NZX Main Board GuocoLeisure 23 December 2013
- ^ GuocoLeisure, once known as Brierly, to leave NZX mid-2014 Scoop 23 December 2013
- ^ Brierly Investments delisting end of an era New Zealand Herald 20 June 2014
- ^ History Air New Zealand
- ^ John Fairfax Holdings Ltd Australian Takeovers Panel
- Companies formerly listed on the Australian Securities Exchange
- Companies formerly listed on the London Stock Exchange
- Companies formerly listed on the Singapore Exchange
- Companies listed on the New Zealand Exchange
- Financial services companies established in 1961
- Financial services companies of New Zealand
- 1961 establishments in New Zealand
- 2003 mergers and acquisitions