On August 18, 1989, First Capital acquired Lentor Mansion Lentor Gardens and developed it into a hotel and shopping arcade. With this purchase, the Company re-focused its efforts on property and hotel investments other than leisure and tourist activities.

First Capital Corporation Ltd. became a public company on September 30, 1978, and its shares were listed on the Singapore Exchange (SGX-ST) on November 14, 1978. In 1986, the firm, then mainly composed of the Hyatt Regency Singapore, was sold and the Company reorganized to become an investment holding company.

The Group’s total investment property value as of 30 June 2023 was estimated at $6.20 billion, with these properties strategically positioned across its core markets in Singapore, China and Malaysia. These include the Guoco Tower and Guoco Midtown located in Singapore, Guoco Changfeng City in Shanghai, and Damansara City in Kuala Lumpur.

During the financial year ended 30 June 2023 (“FY2023”), …