FINANCE
Hong Leong Finance
Take flight with Hong Leong Finance HDB Home Loan Blitz Rates from as low as 1.13%
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Board of Directors | About Us
Board of Directors
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Suspendisse consequat interdum vehicula. Suspendisse nec mi id ligula egestas lobortis nec eu lacus. Nam a felis orci. Suspendisse ullamcorper, erat vitae euismod sodales, erat diam mollis sapien, a aliquet arcu quam quis.
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Group Corporate Profile | About Us
GROUP CORPORATE PROFILE
Hong Leong Group Singapore
Hong Leong Group is a globally diversified company with gross assets of over S$30billion. It employs some 40,000 people across 19 countries. The Group’s five core businesses are property investment and development, hotel ownership and management, financial services, trade & industry, and e-businesses. ...more
Property
The Group is recognised as an innovative key property player in Singapore. Through its Singapore-listed City Developments Limited (CDL) and privately-held Hong Leong Holdings Ltd, the Group holds the largest non-government residential land bank. The Group is also ranks as one of the largest residential developers and biggest commercial landlords in Singapore’s core Central Business District. ...more
Hotels
The Group’s London-listed hotel arm, Millennium & Copthorne Hotels plc (M&C), is Singapore’s largest hotel group with over 120 hotels* and more than 36,000 rooms in 18 countries. This puts the Group at the top of the league scoreboard among Asia’s leading hoteliers. ...more
* This comprises 103 hotels that are open and a further 22 that are in the pipeline.
Financial Services
Hong Leong Finance Limited is the listed financial services arm of the Group. It is Singapore’s largest finance company with shareholders' funds of over S$1,365 million as of 31 December 2008. From its roots of providing financial support to small local businesses, Hong Leong Finance has remained committed to serving the man-in-the-street and small and medium enterprises. ...more
Trade and Industry
The Group is well entrenched in the expanding China market, represented by Singapore-listed Hong Leong Asia which controls multiple businesses. It is Singapore’s leading integrated building materials supplier and has diversified interests, ranging from manufacturing to quarrying and distribution. With over 80 per cent of its market beyond the shores of Singapore, Hong Leong Asia is well positioned to tap into the region’s emerging markets. ...more
Corporate Citizenship
Hong Leong Foundation was set up in 1980 to execute the Group’s philosophy of giving back to society – a belief handed down by the Group’s founder, the late Kwek Hong Png, who felt that success should be shared.
For some 30 years, the Foundation has made significant contributions to the relief of human suffering, and improvement of living standards for the needy elderly and young, the sick and handicapped. The Foundation is also dedicated to other philanthropic causes including the arts, education, and sports. ...more
History and Milestones | About Us
HISTORY
Born in 1913, in the rural Tung Ann district of Fujian, Mr Kwek made his way to Nanyang at age 16. After arriving in Singapore, Mr Kwek finally secured work as a shop apprentice. He worked from 4am in the morning till midnight daily, doing odd jobs and pocketing just five dollars a month. Mr Kwek steadily worked his way up. In 1940, armed with just $7,000 in savings, he set up Hong Leong Company - a small shop on Beach Road.
In 1948, Hong Leong Company Private Limited was formed, dealing in rubber and construction materials. Even today, the cement business forms a major part of the Group’s business. Mr Kwek and later, his sons, steadily expanded the business into property, hospitality, finance and manufacturing.
Today, the Hong Leong Group encompasses international operations of more than 500 companies, including 10 listed companies with 40,000 staff. The companies cover a wide range of sectors - from property development to hotel ownership and management, to finance, and manufacturing and distribution of consumer products, diesel engines industrial and green packaging products, and building materials.
MILESTONES
Set-up Hong Leong Finance to provide financial support to other small local firms in uncertain times.
Forms Hong Leong Holdings (HLH) – the company’s property arm.
Kwek Hong Png acquires a controlling stake in City Developments Limited (CDL) – then a small 8-man outfit. CDL launches City Plaza, its first residential cum shopping development.
Launch of Orchid Inn in Dunearn Road (now known as Copthorne Orchid) – marking its first foray into the hospitality industry.
Future Group Executive Chairman, and eldest son, Kwek Leng Beng makes his move into the hotel industry, setting up the Hong Kong-listed CDL Hotels International.
Buys the Plaza Hotel in New York from real estate tycoon Donald Trump.
Months later, buys Copthorne Hotel chain. The purchase also marks the introduction of the group’s new global hotel brand, Millennium Hotels & Resorts.
Hong Leong Finance is presented with the “Finance Company of the Year” award in the Asian Banking & Retail Banking Awards 2007.
Debut of Grand Millennium Brand with the opening of the Grand Millennium Sukhumvit Bangkok and Grand Millennium Kuala Lumpur.
Hong Leong Asia successfully increases its stake in cement producer Tasek Corporation Berhad (Tasek). Tasek is now effectively a subsidiary of Hong Leong Asia.
