About Guoco Group

Guoco Group Limited operates as an investment holding and management company. The company is a subsidiary of GuoLine Overseas Limited. The company’s operating subsidiary companies and investment activities are principally located in Hong Kong, China, Singapore, Malaysia, Vietnam and the United Kingdom. The principal activities of the company include commercial banking business, Islamic banking services, insurance and takaful business, investment banking, futures and stockbroking, and asset management business. Segments The company operates through four segments: Principal Investment, Property Development and Investment, Hospitality and Leisure Business, and Financial Services. Principal Investment This segment covers equity and direct investments, as well as treasury operations, with trading and strategic investments in global capital markets. The investment team comprises well-trained and experienced investment professionals covering equity and direct investments, as well as treasury operations. It is supported by up-to-date information systems and technological infrastructure, as well as solid risk management processes and control mechanisms. The company’s treasury team focuses on global economic conditions, forex and interest rate trends, and strategic trading ideas. Property Development and Investment This segment involves the development of residential and commercial properties and holding properties for rental income in the key geographical markets of Singapore, China, Malaysia, Vietnam and Hong Kong. GuocoLand Limited (GuocoLand) is a premier property company with operations in the geographical markets of Singapore, China, Malaysia and Vietnam. In 2017, GuocoLand marked its expansion beyond Asia into the new markets of the United Kingdom and Australia through a strategic partnership with Eco World Development Group Berhad in Eco World International Berhad. Headquartered in Singapore, the principal business activities of GuocoLand and its subsidiaries are property development, property investment, hotel operations and property management. GuocoLand’s portfolio comprises residential, hospitality, commercial, retail and integrated developments spanning across the region. In Singapore, GuocoLand has successfully developed 35 residential projects yielding approximately 11,000 apartments and homes. Guoco Tower, its flagship integrated mixed-use development, integrates premium Grade A offices, a dynamic lifestyle and F&B retail space, luxurious apartments at Wallich Residence, the five-star luxury business hotel Sofitel Singapore City Centre and a landscaped urban park. In China, GuocoLand has developed a sizeable portfolio of properties spanning across the major cities of Beijing, Shanghai, Nanjing, Tianjin; and is undertaking large scale developments in Shanghai and Chongqing. GuocoLand’s 65% owned subsidiary, GuocoLand (Malaysia) Berhad, is an established property developer of community-centric residential townships and commercial and integrated development projects in Malaysia. Hospitality and Leisure This segment owns, leases or manages hotels; and operates gaming and leisure businesses in the United Kingdom, Spain and Belgium. GL Limited’s (GL’s) core hospitality business is operated out of GLH Hotels Limited (GLH) in the United Kingdom. GLH is the largest owner-operator hotel company in London. 13 of its hotels are in top London locations, including the iconic hotels — The Grosvenor Hotel, The Royal Horseguards Hotel and The Tower Hotel. It operates its hotels under four owned brands — Amba Hotels, Guoman Hotels, Thistle Hotels and Thistle Express Hotels. It also operates Hard Rock Hotel London under a third party brand. In addition to its hospitality business, GL owns real estate in Hawaii and rights to royalties from the production of oil and natural gas in the Bass Strait, Australia. The Rank Group Plc (Rank) is a leading European gaming company. Rank’s business comprises established gaming based entertainment operations in Great Britain, Spain and Belgium. These include Mecca, a leading bingo operator in Great Britain with 77 clubs; Grosvenor Casinos, the leading casino operator with 52 casinos in Great Britain along with 1 casino in Belgium; Enracha, an operator of 9 premium bingo clubs in Spain; and branded U.K.-facing websites and mobile offerings, including meccabingo.com and grosvenorcasinos.com and branded Spanish facing websites and mobile offerings enracha.es and YoBingo.es. Financial Services This segment covers commercial and consumer banking, Islamic banking, investment banking, life and general insurance, Takaful insurance, fund management and unit trust, corporate advisory services and stockbroking. Hong Leong Financial Group Berhad (HLFG), an associated company of the company, is an integrated financial services group. HLFG’s commercial banking subsidiary is Hong Leong Bank Berhad (HLB). HLB Group has a distribution network over 260 branches in Malaysia, Singapore, Hong Kong and wholly owned subsidiaries in Vietnam and Cambodia, providing services in personal financial services, treasury, corporate and commercial banking. HLB also has a presence in China via an interest of 17.99% in Bank of Chengdu Co., Ltd. Hong Leong Islamic Bank Berhad (HLISB), a wholly owned subsidiary of HLB, offers its customers a suite of Shariah compliant products and services in areas, such as personal financial services-i, business and corporate banking-i and global markets-i. HLFG’s insurance interests are made up of a 70% interest in Hong Leong Assurance Berhad, which provides life insurance services in Malaysia; a 30% interest in MSIG Insurance (Malaysia) Bhd, which provides general insurance services in Malaysia; a 100% interest in Hong Leong Insurance (Asia) Limited, which provides general insurance business in Hong Kong; a 65% interest in Hong Leong MSIG Takaful Berhad focusing on Family Takaful business; and a 100% interest in HL Assurance Pte. Ltd., which provides general insurance business in Singapore. HLFG’s other financial services interests are held through Hong Leong Capital Berhad (HLCB). HLCB has two main subsidiaries namely, Hong Leong Investment Bank Berhad (HLIB) and Hong Leong Asset Management Bhd (HLAM). HLIB provides investment banking, stockbroking business, futures broking and related financial services, while HLAM is involved in unit trust management, fund management and sale of unit trusts. Other segments include royalty entitlement of Bass Strait’s oil and gas production and manufacture, marketing and distribution of health products.