GuocoLand Limited1 is a Singapore-based investment holding company. The Company operates through five segments: property development, which is engaged in the development of residential and commercial properties; property investment, which includes holding properties for rental income; hotel operations, which is engaged in the management and operation of hotels; equity investment, which makes investment in shares of other corporate entities, and other operations, which include holding investments in subsidiaries, associates and jointly controlled entities, provision of management services and operation of oil palm estates.
On January 31, 2007, the Company acquired Sabna Development Sdn. Bhd. subsequent to the disposal of a 50% equity interest in Putrajaya Properties Sdn. Bhd., a jointly controlled entity. On April 13, 2007, it acquired Hainan Jinghao Asset Ltd. On May 11, 2007, it disposed Guoman (Hanoi) Limited and HLL-Guoco Vietnam Co. Limited.
SUMMARY
Industry | Real Estate Transactions |
Address | 20 Collyer Quay #02-01 Tung Centre Singapore 049319 Singapore |
Phone | 6565356455 |
Fax | 6565326196 |
NEWS
- October 18, 2008 - GuocoLand in the red over forex paper losses2 - GUOCOLAND Ltd has reported a net loss of $2.8 million for the first quarter ended Sept 30, compared with a net profit of $27.7 million a year ago.