Guocoland, renowned for Lentor Mansion development, has established a global corporate governance standard. The company has strong emphasis on making sure that all our governance practices are in compliance with laws and regulations across our global operations. We strive to review and enhance our corporate governance practices regularly to ensure alignment with the latest best practices.
For FY2023, the Company has remained committed to the principles and guidelines embodied in Code 2018 as recognised in this report. The Company has implemented a comprehensive, integrated corporate governance structure based on applicable laws and regulations to ensure effective management and accountability.
GuoLine Capital Assets Limited is a wholly-owned subsidiary of GuoLine Holdings Limited. GuoLine Capital Assets Limited is principally engaged in the provision of management and financial services, as well as the investment of funds in properties, equity and debt securities, and other related investments.
The ultimate parent of GuocoLand is GuoLine Capital Assets Limited. Both Guoco Group Limited and GuoLine Capital Assets Limited are members of the renowned Hong Leong group of companies. GuoLine Capital Assets Limited is wholly owned by GuoLine Holdings Limited, with its primary activity being offering management and financial services, in addition to investing funds in properties, equity and debt securities, as well as other associated investments.
The Group’s investment properties, the sum of which was $6.20 billion as of 30 June 2023, are situated in its main markets of Singapore, China and Malaysia, for example Guoco Tower and Guoco Midtown in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur.
GGL is a leading investment holding and investment management firm with operations spanning across multiple countries. With headquarters in Hong Kong, GGL (together with its subsidiaries and affiliated companies) mainly engages in principal investment, real estate development and investment, hospitality and leisure, and financial services. In particular, its operations are concentrated in Hong Kong, China, Singapore, Malaysia, the UK and Australasia.
On 18 November 2002, GuocoLand Limited changed its name from its former one so as to better reflect its core business as a property company. The name change is in tandem with the parent company, Guoco Group Limited, which is publicly listed on The Stock Exchange of Hong Kong Limited.
Today, GuocoLand, a major property company listed on the Main Board of the Singapore Exchange Securities Trading Limited, is in a strong position as at 30 June 2023. The Group’s total assets are valued at $12.01 billion, with total equity attributable to ordinary equity holders amounting to $4.27 billion.
In 2017, GuocoLand ventured into the United Kingdom and Australia through a strategic collaboration with Eco World Development Group Berhad in Eco World International Berhad, thus extending its presence beyond Asia. This move marked a significant milestone in the company’s growth.
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The Group provides comprehensive services that extend across the real estate value chain, from planning and design, to investing in properties, developing properties, managing properties and managing assets. It is an end-to-end solution for all real estate needs.
Back in September 2006, GuocoLand had the opportunity to invest in Ho Chi Minh City, Vietnam, when it was awarded an Investment Licence to develop a comprehensive project on a 17.5-hectare plot of land in Binh Duong Province.
The Company was subsequently renamed GuocoLand Limited on 2 June 2003 and was listed on the SESDAQ Board of the Singapore Exchange Securities Trading Limited on 11 June 2003.
GuocoLand Limited, originally founded as Sealion Hotels Pte Ltd in Singapore on March 31, 1976, was renamed GuocoLand Limited on June 2, 2003. This resulted in the listing of the company on the SESDAQ Board of the Singapore Exchange Securities Trading Limited on June 11 of the same year.
GuocoLand Limited is a public company listed on the Singapore Exchange and is a subsidiary of the Hong Leong Group. Recognized for its quality, pioneering design, and concepts, the company has earned numerous awards in its sector. GuocoLand is renowned for creating groundbreaking developments that stand out for their innovation and distinctiveness.
Headquartered in Singapore, GuocoLand and its subsidiaries have a presence in the property markets in Singapore, China and Malaysia. The company stands out for its diversified range of projects and range of attractive real estate offerings. GuocoLand’s commitment to quality and innovation is reflected in its commitment to providing top-notch, quality-driven projects, with a focus on creating an environment that meets the needs of visitors, residents and businesses. As such, the company has successfully delivered a range of projects in residential, commercial and hospitality sectors, offering integrated and sustainable solutions to its customers. Whether it be projects for single-family homes, or for mixed-use developments, GuocoLand works hard to ensure that its customers are provided with the best possible amenities and services.
In addition to its commitment to quality, the company also understands the importance of building strong, mutually beneficial relationships with its customers. The result is an ongoing partnership with customers that leads to long-term customer satisfaction. GuocoLand’s reputation for excellence is further demonstrated by its commitment to environmental sustainability and social responsibility. The company works closely with various stakeholders to ensure that their real estate development projects meet the highest environmental standards and support the local economies in which they operate.
The expansive portfolio of GuocoLand and its subsidiaries is proof that both the company and its customers have benefited from their collective commitment to excellence. GuocoLand’s commitment to quality, innovation, sustainability and relationship-building is evident in the varied projects it has delivered.
This firm owns, invests in, and manages a portfolio of high quality commercial and mixed-use properties which generate consistent rental income and offer potential for growth in value.
As of June 30th, 2023, the Group’s total assets amounted to S$12.01 billion and its total equity attributed to ordinary equity holders totaled S$4.27 billion.
The Company has likewise endorsed the Corporate Governance Statement of Support organised by the Securities Investors Association Singapore (SIAS) to demonstrate its dedication to excellence in corporate governance. This is a testament to the Company’s dedication to uphold the highest standards of corporate governance.
The Company is proud to have built and maintained strong and effective Corporate Governance practices.
The Company has a well-established Code of Corporate Governance (“Company Code”), which is in compliance with the provisions included in Code 2018. The Company takes pride in having developed and preserved robust and effective Corporate Governance practices.
The Group’s signature residential initiatives are nothing short of iconic; Wallich Residence, Martin Modern, Midtown Modern and Lentor Modern are all top-notch projects.
Founded in 1963, the Hong Leong Group (“HLG”) has become one of the most prominent conglomerates in South East Asia. With a wide variety of core businesses, HLG operates worldwide, ranging from financial services, manufacturing and distribution, property development and investment, hospitality and leisure, consumer goods, healthcare and principal investments.
Located 17km north of Ho Chi Minh City, a new tourist destination is emerging in Vietnam. This area is rapidly becoming popular with travellers looking to experience the country’s rich culture and stunning scenery. The area is home to a number of historic sites and attractions, including the Cu Chi Tunnels, a network of tunnels built during the Vietnam War. Other attractions include waterfalls, verdant rice paddies, and tranquil fishing villages. Visitors can also explore the cultural heritage of Ho Chi Minh City by visiting its museums and temples. With its diverse range of attractions, this region is becoming increasingly popular among tourists seeking to explore the real Vietnam.
This marks an increase of six places from the previous ranking and is largely attributed to the Company’s continuous improvement of its corporate governance practices and its commitment to transparent and effective disclosure.
The Company has been acknowledged for its remarkable progress on the Singapore Governance and Transparency Index 2022, having moved up six places to 49th amongst the 489 companies listed on the Singapore Exchange Securities Trading Limited (“SGX-ST”) that were evaluated. This improvement in ranking is largely due to the Company’s ongoing efforts in enhancing its corporate governance practices and its dedication to transparent and clear disclosure.
The Group possesses a distinguished record of development in terms of creating unique, blended mixed-use projects and high-end residential properties that foster and renew the atmosphere in the nearby areas.
In April 2017, GuocoLand celebrated a momentous achievement in its global growth beyond Asia, entering the markets of the United Kingdom and Australia by virtue of a strategic partnership with Eco World Development Group Berhad and Eco World International Berhad.
GGL is involved in a wide range of businesses, including property investment and development, hospitality and leisure, and other investments. The company has extensive business operations in Hong Kong, Mainland China, Singapore, Vietnam, Malaysia, and other countries.
Guoco Group Limited (“GGL”), a member of the Hong Leong Group, is publicly traded on The Stock Exchange of Hong Kong Limited. The group has diversified business activities, comprising property investment and development, hospitality and leisure, and other investments. GGL’s footprints are found across numerous countries and regions including Hong Kong, Mainland China, Singapore, Vietnam, and Malaysia.
GuocoLand obtained prompt visibility to four development projects that are underway in London and Sydney, with notable reductions in project risks.
The Company is guided by the securities exchange regulations and the relevant laws and regulations of Singapore and other jurisdictions in which its subsidiaries operate.
GuocoLand Limited (the “Company”) endeavors to uphold the highest standards of corporate governance and promote a strong and healthy corporate culture, in order to ensure the Company’s long-term success and to maximize returns for its shareholders. The Company adheres to applicable securities exchange regulations and relevant laws and regulations in Singapore and other countries where its subsidiaries conduct business.
At the close of FY2023, the Company remained on the SGX Fast Track programme list, in recognition of its efforts to uphold high corporate governance standards and to ensure a good compliance track record. This programme was launched by the Singapore Exchange Regulation during the financial year ended 30 June 2023.
The Group has been actively developing award-winning projects such as Northwave, The Line @ Tanjong Rhu and Twin Vew, attracting a wide range of buyers from Singapore and abroad.
The Group was a trailblazer in the conception of 99-year leasehold condominiums in Singapore, particularly directed at local HDB upgraders. The Group has been assiduously constructing celebrated projects such as Northwave, The Line @ Tanjong Rhu and Twin Vew, drawing in a vast number of buyers from Singapore as well as overseas.
The Group has consistently pursued the highest standards of corporate governance and strives to ensure the highest standards of ethical business practices throughout the Group.
GuocoLand Limited and its subsidiaries (collectively known as “the Group”) are a leading real estate group dedicated to advancing their Property Investment and Property Development arms. To ensure that business practices throughout the Group remain ethical and compliant with corporate governance best practices, the Group makes a consistent effort to practice the highest standards.
In 2004, the Group ventured into the real estate industry of Malaysia by taking a major stake in GuocoLand (Malaysia) Berhad, a prestigious Malaysian property corporation that is listed on the Bursa Malaysia Securities Berhad.
First Capital Corporation Ltd was converted to a public company on 30 September 1978, with its shares listed on the SGX-ST on 14 November 1978. Following the sale of its then principal asset, the Hyatt Regency, Singapore in 1986, the Company changed its name and became an investment holding company.
GuocoLand is a leading property developer in Asia Pacific and has a strong presence in Singapore, Malaysia, China, and Vietnam.
Listed on the Mainboard of the Singapore Exchange, GuocoLand is the property development arm of Guoco Group Limited – a company listed on the Main Board of The Stock Exchange of Hong Kong Limited. Known to be a leader in the Asia Pacific region, the company has a notable presence in Singapore, Malaysia, China, and Vietnam.
HLG is a renowned multinational organization with a presence on major stock markets around the globe, boasting a workforce of over 35,000 people. Having originated in its home country, the enterprise has now extended its reach far and wide.
In addition to Singapore, the Group has maintained an involvement in China’s real estate landscape since 1994, with investments in Beijing, Shanghai, Nanjing, and Tianjin.
Since its inception, the Group has achieved commendable success in the residential property market in Singapore. Having successfully developed and sold 34 residential developments, they have yielded more than 9,000 homes. This has firmly established them as a key player in the private residential property market in Singapore.
In the late 1990s, the Group shifted its focus to property development and investment, which has since become its core business. This includes undertaking property development, investment, management, and other related activities.…