Sun Hung Kai
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Sun Hung Kai & Company (新鴻基) (Template:Sehk) is a diversifed corporation based in Hong Kong and has operations in Greater China.
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History
Established in 1969, it is one of many non-British owned companies that over took the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. Sun Hung Kai Properties was listed in 1972 Template:Sehk, Sun Hung Kai Securities Limited was listed in 1975 and Sun Hung Kai & Co. Limited was listed on the Hong Kong Stock Exchange in 1983.
Sun Hung Kai Properties is now one of the largest property companies in the Asia. It specializes in premium-quality residential and commercial projects for sale and investment. The Group: Employs 23,000 people.
Operations
The Group's core business is the development of property for sale and investment. The Group also has complementary operations in the following property related fields:
- Financial Services - Sun Hung Kai Finance Co. Limited
- Property development and management - Wah Cheong Development Co. Limited and Central Associated Investments Limited, Tian An Development Company Limited
- Mortgage deals
- Insurance brokerage and consulting - Sun Hung Kai Insurance Co. Ltd, Lippo Capital Limited
- Securities - Sun Hung Kai Securities Limited, Hong Kong and Kowloon Commercial Limited, SHK China Fund
- Commodities Trading - Sun Hung Kai-ACLI Commodities Limited
- Sun Hung Kai (China) Limited
- Shun Loong Holdings Limited
- Telecommunications - Smartone-Vodafone
Land Bank & Property Portfolio
The Group is one of Hong Kong's largest landowners, with a current land bank of 42.4 million square feet, including:
- 20.0 million square feet under development,
- 22.4 million square feet of completed investment property,
- Over 23 million square feet of agricultural land in the New Territories, most of which is in the process of land use conversion, principally for residential development.
This well-diversified investment property portfolio generated gross rental income of HK$6,466 million in the 2005/06 financial year.
Group Finance
The Group is committed to conservative financial policies, maintaining high liquidity and low leverage. The overwhelming majority of the Group's financing is in Hong Kong dollars, and hence carries very little foreign exchange risk. The Group's financial strength is reflected in its foreign currency ratings:
'A' from Standard & Poor's, 'A1' from Moody's.
External links
Categories: Companies of Hong Kong | Land developers in Hong Kong | Companies established in 1969 | Insurance companies of Hong Kong
