Sun Hung Kai Properties Ltd.
 |
|
| 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 |
|
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 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 on 23 August 1972.
In 1973, SHKP acquires Hong Yip Service Company Limited. In 1977, SHKP moved its head office to Connaught Centre, Central (now known as Jardine House).
In 1978, SHKP establishes Kai Shing Management Services Limited.
In 1978, SHKP put on sale the first multi-block residential estate, Tsuen Wan Centre (First Phase). Also in 1978, SHKP became 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 acquired interest in Kowloon Motor Bus, a public transport provider. The corporation moved its headquarters to Sun Hung Kai Centre, on an area of newly-reclaimed land in Wan Chai, in 1982.
In 1991, SHKP acquired Wilson Parking.
In 1992, SHKP finished construction of Central Plaza in Wan Chai, the tallest building in Asia at the time of completion. In the same year the company diversified into mobile telephony with the establishment of SmarTone, now one of Hong Kong's dominant mobile providers. This subsidiary was listed in Hong Kong in 1996.
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