Brierley Investments
Brierley Investments Limited was established by New Zealand investment veteran Sir Ron Brierley in 1961 and in 1985 listed on stock exchanges in Australia, United Kingdom, and New Zealand, London Stock Exchange, New Zealand Exchange ). 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 BIL shareholders.
In the 1980s BIL was a feared corporate raider 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 1998–99 the firm moved its head office to Singapore and listed on the Singapore Exchange. In June 2000, BIL's listed investments had a total market value of US$1.01858 billion, including 46% of Thistle Hotels plc; 30% of Air New Zealand; and 29% of James Hardie Industries.
On 1 November 2007, the registered name BIL International Ltd changed to GuocoLeisure Ltd, and the issuer code changed from BRY to GLL. In 2013, due to a low volume of trading, GLL's board resolved to delist from the NZX, and dissolve the company.
The last day of trading of the shares on the NZX was 24 June 2014.
