Sun Hung Kai Properties
 |
|
| Public | |
| Traded as | |
| Industry | Real Estate |
| Founded | 1963 (listed in 1972) |
| Founder | Kwok Tak Seng, Fung King Hey, Lee Shau Kee |
| Headquarters | 45/F, Sun Hung Kai Centre, 30 Harbour Road, Wanchai, Hong Kong, SAR |
|
Key people
|
Raymond Kwok, Chairman and Managing Director |
| Products | Property Development, Property Investment, Property Management, Hotels, Telecommunications, Information Technology, Infrastructure and Others |
| Revenue | HKD 91.2 billion (2015/16 FY) |
|
Number of employees
|
About 37,000 (as at June 2016) |
| Website | www.shkp.com |
Sun Hung Kai Properties Ltd. (SHKP; Chinese: 新鴻基地產發展有限公司) (: 0016) is a listed corporation based in Hong Kong. The company is controlled by the Kwok family trust set up by Kwok Tak Seng, who founded the company.
It is among the most successful real estate companies in Hong Kong and across Asia. It is reputed (as per BBC News) to be the second most valuable real estate company in the world. It is controlled in large by the Kwok brothers.
The company was one of many non-British owned companies that overtook the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. The company was founded in 1963 by the elder Kwok, together with Fung King-hei and Lee Shau Kee, and was listed on the in 1972.
On 14 July 1972, Sun Hung Kai Properties is incorporated in Hong Kong.
On 23 August 1972, SHKP goes public and is listed on the Hong Kong Stock Exchange (SEHK: 0016)
In 1973, SHKP acquires Hong Yip Service Company Limited.
In 1977, SHKP moves its head office to Connaught Centre, Central (now known as Jardine House).
In 1978, SHKP establishes Kai Shing Management Services Limited.
In 1978, SHKP puts on sale the first multi-block residential estate, Tsuen Wan Centre (First Phase).
In 1978, SHKP becomes one of the 33 constituent stocks listed of the Hang Seng Index.
In 1979, SHKP establishes Sun Hung Kai Properties Insurance Limited
In 1981, SHKP acquires interest in Kowloon Motor Bus Company (1933) Limited.
In 1982, SHKP moves its headquarters to Sun Hung Kai Centre, Wan Chai.
In 1986, SHKP becomes the first developer to provide air conditioners in new residential developments, starting with Tsuen King Gardens in Tsuen Wan.
In 1991, SHKP acquires Wilson Parking (Hong Kong Limited).
In 1992, SHKP finishes construction of Central Plaza, Wan Chai, the tallest building in Asia at the time of completion.
In 1992, SHKP establishes SmarTone Telecommunications Holdings Limited.
In 1993, SHKP acquires World Trade Centre, Causeway Bay.
In 1994, SHKP receives an "A" international credit rating of A from Standard & Poor's.
In 1995, SHKP receives an "A3" international credit ration from Moody's.
In 1996, SmarTone Telecommunications Holdings Limited, a subsidiary of SHKP, is listed in Hong Kong.
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Wikipedia