|Feb 23, 2018|
|Feb 23, 2018|
Currency in HKD
Real Estate Development
|Full time employees:||37,000|
Sun Hung Kai Properties Ltd. is an investment holding company, which engages in the development of property for sale and investment. It operates through the following segments: Property Development, Property Investment, Hotel Operation, Telecommunications, Transport Infrastructure and Logistics, and Other Businesses. The company was founded on July 14, 1972 and is headquartered in Hong Kong.
Sun Hung Kai Properties, the largest property developer in Hong Kong, is also its biggest commercial landlord.
SHKP operates many office buildings, shopping malls and luxury hotels, including the 118-story International Commerce Centre in West Kowloon, the tallest building in Hong Kong, and the International Finance Centre in the Central district. It also builds and sells luxury condominiums and other residential properties.
In mainland China, SHKP operates mainly in Shanghai, Guangzhou and other major cities. SHKP is promoting a large-scale development project in Shanghai's Xujiahui district, following Shanghai IFC in Pudong and Shanghai ICC in Puxi.
The company has also entered the information technology business through its subsidiaries: SmarTone Telecommunications Holdings provides mobile phone services, and SUNeVision Holdings runs a data center business.
SHKP was established in the 1960s by Kwok Tak-seng, Fung King-hey and Lee Shau-kee. In the years leading up to the return of Hong Kong to Chinese rule, SHKP became Hong Kong's largest developer through aggressive, large-scale development projects in the New Territories.
Kwok's three sons took over SHKP after he died in 1990. Walter Kwok Ping-sheung, Kwok's first son, was forced to step down as chairman in 2008. His second son, Thomas Kwok Ping-kwong, and third son, Raymond Kwok Ping-luen, were arrested on bribery charges in 2012. Thomas Kwok was convicted of conspiracy to commit misconduct in public office in 2014, while Raymond Kwok was acquitted on all charges. Currently, SHKP is run by Raymond Kwok.
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- Local currency
- US Dollar
|Income before tax||49,225M|
|Dividends per share||4.1|
|Operating cash flow||39,807M|
Currency in HKD
|Income before tax||6,338.93M|
|Dividends per share||0.52|
|Operating cash flow||5,126.13M|
Currency in USD
- Chairman & Managing Director: Ping Luen Kwok
- Executive Director & Deputy Managing Director: Chik Wing Wong
- Executive Director & Deputy Managing Director: Ting Lui
- Manager: Pak Cheung Hong
- Manager: Wing Kit Tsim
- KWOK TAK SENG FAMILY(26.2%)
- KWOK PING SHEUNG(7.2%)
- LEE SHAU KEE(2.1%)
- The Vanguard Group, Inc.(1.5%)
- Capital Research & Management Co. (Global Investors)(1.4%)
- BlackRock Fund Advisors(1.0%)
- BlackRock Investment Management LLC(0.6%)
- Norges Bank Investment Management(0.6%)
- APG Asset Management NV(0.6%)
- Capital Research & Management Co. (World Investors)(0.5%)
- Website: http://www.shkp.com
- Address: 45th Floor, Sun Hung Kai Centre, Hong Kong, Hong Kong
- Phone: +852.2827.8111
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