Brierley_Investments

GL Limited

GL Limited

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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.

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