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Hong Leong Capital
Hong Leong Capital Berhad () is an investment holding company listed on the Bursa Malaysia Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It p ... whereby its subsidiaries are involved in stock and share broking, acting as agent and nominee for clients, corporate advisory services, fund management, unit trusts, share financing, futures and options broking. It is part of the Hong Leong Group conglomerate. History Privatization attempt In January 2013, Hong Leong Capital's parent Hong Leong Financial Group attempted to privatize its investment banking arm for RM1.71 per share. However, the deal fell through by February 2013 as minority shareholders were not satisfied with the offer. References External links * 1991 establishments in Malaysia Companies listed on Bursa Mala ...
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Public Limited Company
A public limited company (legally abbreviated to PLC or plc) is a type of public company under United Kingdom company law, some Commonwealth of Nations, Commonwealth jurisdictions, and Republic of Ireland, Ireland. It is a limited liability company whose shares may be freely sold and traded to the public (although a PLC may also be privately held, often by another PLC), with a minimum share capital of £50,000 and usually with the letters PLC after its name. Similar companies in the United States are called Public company, ''publicly traded companies''. A PLC can be either an unlisted or listed company on the stock exchanges. In the United Kingdom, a public limited company usually must include the words "public limited company" or the abbreviation "PLC" or "plc" at the end and as part of the legal company name. Welsh companies may instead choose to end their names with , an abbreviation for '. However, some public limited companies (mostly nationalization, nationalised concer ...
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Kuala Lumpur
Kuala Lumpur (KL), officially the Federal Territory of Kuala Lumpur, is the capital city and a Federal Territories of Malaysia, federal territory of Malaysia. It is the largest city in the country, covering an area of with a census population of 2,075,600 . Greater Kuala Lumpur, also known as the Klang Valley, is an urban agglomeration of 8.8 million people as of 2024. It is among the fastest growing metropolitan regions in Southeast Asia, both in population and economic development. The city serves as the cultural, financial, tourism, political and economic centre of Malaysia. It is also home to the Parliament of Malaysia, Malaysian parliament (consisting of the Dewan Rakyat and the Dewan Negara) and the Istana Negara, Jalan Tuanku Abdul Halim, Istana Negara, the official residence of the King of Malaysia, monarch (''Yang di-Pertuan Agong''). Kuala Lumpur was first developed around 1857 as a town serving the tin mining, tin mines of the region, and important figures such as Ya ...
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Malaysia
Malaysia is a country in Southeast Asia. Featuring the Tanjung Piai, southernmost point of continental Eurasia, it is a federation, federal constitutional monarchy consisting of States and federal territories of Malaysia, 13 states and three federal territories, separated by the South China Sea into two regions: Peninsular Malaysia on the Mainland Southeast Asia, Indochinese Peninsula and East Malaysia on the island of Borneo. Peninsular Malaysia shares land and maritime Malaysia–Thailand border, borders with Thailand, as well as maritime borders with Singapore, Vietnam, and Indonesia; East Malaysia shares land borders with Brunei and Indonesia, and a maritime border with the Philippines and Vietnam. Kuala Lumpur is the country's national capital, List of cities and towns in Malaysia by population, largest city, and the seat of the Parliament of Malaysia, legislative branch of the Government of Malaysia, federal government, while Putrajaya is the federal administrative capi ...
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Chairman
The chair, also chairman, chairwoman, or chairperson, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the group or organisation, presides over meetings of the group, and is required to conduct the group's business in an orderly fashion. In some organizations, the chair is also known as '' president'' (or other title). In others, where a board appoints a president (or other title), the two terms are used for distinct positions. The term chairman may be used in a neutral manner, not directly implying the gender of the holder. In meetings or conferences, to "chair" something (chairing) means to lead the event. Terminology Terms for the office and its holder include ''chair'', ''chairman'', ''chairwoman'', ''chairperson'', ''convenor'', ''facilitator'', '' moderator'', ''president'', and ''presiding officer''. The chair of a parliamentary chamb ...
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Malaysian Ringgit
The Malaysian ringgit (; plural: ringgit; symbol: RM; currency code: MYR; Malay name: ''Ringgit Malaysia''; formerly the Malaysian dollar) is the currency of Malaysia. Issued by the Central Bank of Malaysia, it is divided into 100 cents ( Malay: ). Etymology The word ''ringgit'' is an obsolete term for "jagged" in the Malay language. The word was originally used to refer to serrated edges. The first European coins to circulate widely in the region were Spanish " pieces of eight" or "cob", their crude appearance resembling stones, hence the word jagged. The availability and circulation of this Spanish currency were due to the Spanish controlling nearby Philippines. An early printed source, the ''Dictionary of the Malayan Language'' from 1812 had already referred to the ringgit as a unit of money. In modern usage, ''ringgit'' is used almost solely for the currency. Due to the common heritage of the three modern currencies, the Singapore dollar and the Brunei dollar are a ...
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Hong Leong Financial Group
Hong may refer to: Places *Høng, a town in Denmark *Hong Kong, a city and a special administrative region in China *Hong, Nigeria *Hong River in China and Vietnam *Lake Hong in China Surnames *Hong (Chinese surname) *Hong (Korean surname) Organizations *Hong (business), general term for a 19th–20th century trading company based in Hong Kong, Macau or Canton *Hongmen (洪門), a Chinese fraternal organization Creatures *Hamsa (bird), a mythical bird also known was hong *Hong (rainbow-dragon) ''Hong'' or ''jiang'' () is a Chinese dragon with two heads on each end in Chinese mythology, comparable with Rainbow Serpent legends in various cultures and mythologies. Chinese "rainbow" names Chinese has three " rainbow" words, regular , lit ..., a two-headed dragon in Chinese mythology * ''Hong'' (genus), a genus of ladybird {{disambiguation ...
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Investment
Investment is traditionally defined as the "commitment of resources into something expected to gain value over time". If an investment involves money, then it can be defined as a "commitment of money to receive more money later". From a broader viewpoint, an investment can be defined as "to tailor the pattern of expenditure and receipt of resources to optimise the desirable patterns of these flows". When expenditures and receipts are defined in terms of money, then the net monetary receipt in a time period is termed cash flow, while money received in a series of several time periods is termed cash flow stream. In finance, the purpose of investing is to generate a Return (finance), return on the invested asset. The return may consist of a capital gain (profit) or loss, realised if the investment is sold, unrealised capital appreciation (or depreciation) if yet unsold. It may also consist of periodic income such as dividends, interest, or rental income. The return may also inclu ...
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Holding Company
A holding company is a company whose primary business is holding a controlling interest in the Security (finance), securities of other companies. A holding company usually does not produce goods or services itself. Its purpose is to own Share capital, stock of other companies to create a corporate group. In some jurisdictions around the world, holding companies are called parent companies, which, besides holding Share capital, stock in other companies, can conduct trade and other business activities themselves. Holding companies reduce risk for the shareholders, and can permit the ownership and control of a number of different companies. ''The New York Times'' uses the term ''parent holding company''. Holding companies can be subsidiaries in a Subsidiary#Tiered subsidiaries, tiered structure. Holding companies are also created to hold assets such as intellectual property or trade secrets, that are protected from the operating company. That creates a smaller risk when it comes ...
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Bursa Malaysia
Bursa Malaysia (English: Malaysian Bourses or Malaysia Exchange) is the stock exchange in Malaysia. It is one of the largest bourses in ASEAN. It is based in Kuala Lumpur and was previously known as the Kuala Lumpur Stock Exchange (KLSE). It provides full integration of transactions, offering a wide range of currency exchange and related services, including trading, settlement, clearing and savings services. Along with the Securities Commission of Malaysia, the stock exchange regulates the capital market in Malaysia and, through its facilities, upholds the duty to manage and maintain order in the trading of stocks, bonds and derivatives. History Bursa Malaysia was established in 1930, when the Singapore Stockbrokers Association became an official organization of securities in Malaya. In 1937, it was re-registered as the Stockbrokers' Association of Malaya, but it still did not trade public shares. In 1960, the Malayan Stock Exchange was formed and public trading started on ...
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Hong Leong Group
Hong Leong Group is a prominent family-owned conglomerate under the Quek/Kwek family, with a strong presence in both Singapore and Malaysia. While the group shares a common heritage, it operates as two separate entities: Hong Leong Group Malaysia, chaired by Quek Leng Chan, and Hong Leong Group Singapore, chaired by Kwek Leng Beng. History Hong Leong Group, founded by Kwek Hong Png in 1941 in Singapore, began after he saved $7,000 in starting capital over a decade by working hard in his brother-in-law's hardware shop. With this savings, he decided to set up his own company and named the business "Hong Leong": "Hong" means big, good, and plentiful, while "Leong" means great prosperity. Together, "Hong Leong" connoted a good harvest. Kwek Hong Png started the business in a red, two-storey shophouse along Beach Road as a general trading firm dealing in ropes, paints, and supplies for ships and rubber estates. Kwek Hong Png knew that expanding his business would require increas ...
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Conglomerate (company)
A conglomerate () is a type of multi-industry company that consists of several different and unrelated List of legal entity types by country, business entities that operate in various industries. A conglomerate usually has a Holding company, parent company that owns and controls many Subsidiary, subsidiaries, which are legally independent but financially and strategically dependent on the parent company. Conglomerates are often large and Multinational corporation, multinational corporations that have a global presence and a diversified portfolio of products and services. Conglomerates can be formed by merger and acquisitions, Corporate spin-off, spin-offs, or joint ventures. Conglomerates are common in many countries and sectors, such as Media (communication), media, Finance, banking, Energy industry, energy, mining, manufacturing, retail, Arms industry, defense, and transportation. This type of organization aims to achieve economies of scale, market power, Risk management, ris ...
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1991 Establishments In Malaysia
It was the final year of the Cold War, which had begun in 1947. During the year, the Soviet Union Dissolution of the Soviet Union, collapsed, leaving Post-soviet states, fifteen sovereign republics and the Commonwealth of Independent States, CIS in its place. In July 1991, India abandoned its policies of dirigism, license raj and autarky and began extensive Economic liberalisation in India, liberalisation to its economy. This increased Economy of India, GDP but also increased income inequality in India, income inequality over the next two decades. A United Nations, UN-authorized coalition of the Gulf War, coalition force from 34 nations fought against Ba'athist Iraq, Iraq, which had Invasion of Kuwait, invaded and Kuwait Governorate, annexed Kuwait in the previous year, 1990. The conflict would be called the Gulf War and would mark the beginning of a since-constant American military presence in the Middle East. The clash between Republic of Serbia (1990–2006), Serbia and t ...
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