GL Limited

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.

GL Limited
FormerlyGuocoLeisure
Brierly Investments
SGX: B16
ASX: BIL
NZX: GLL
IndustryInvestments
Founded1961
FounderRon Brierley
HeadquartersSingapore
ParentGuoco Group
SubsidiariesSee below
Websitewww.gl-grp.com

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

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
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