Sun Hung Kai & Co.

Sun Hung Kai & Co. Limited
新鴻基有限公司
Company typeListed company
SEHK86
IndustryFinancial services
Founded1969
FounderMr. Fung King Hey
Mr. Kwok Tak Seng
Mr. Lee Shau Kee
Headquarters
Hong Kong
,
Hong Kong
Area served
Hong Kong
Key people
Chairman: Mr. Lee Seng Huang
ParentAllied Properties (H.K.) Limited
Websiteshkco.com
Sun Hung Kai & Co.
Traditional Chinese新鴻基有限公司
Simplified Chinese新鸿基有限公司
Transcriptions
Standard Mandarin
Hanyu PinyinXīnhóngjī Yǒuxiàngōngsī
Yue: Cantonese
Jyutpingsan1 hung4 gei1 jau5 haan6 gung1 si1

Sun Hung Kai & Co. LimitedSEHK86 is an alternative investment company headquartered in Hong Kong.[1] Since its establishment in 1969, the Group has owned and operated market-leading platforms in Financial Services. The Group invests across public markets, alternatives and real assets and has an established track record of generating long-term risk adjusted returns for its shareholders. Most recently, it has extended its strategy to incubate, accelerate and support emerging asset managers in the Asian region. It is also the major shareholder of a leading Consumer Finance firm, United Asia Finance Limited. The Group currently holds about HK$48.8 billion in total assets as at 31 December 2021.

Sun Hung Kai & Co. and Sun Hung Kai Properties carry the common name "Sun Hung Kai", which reflects a shared heritage. Yet they are two different entities with totally separate shareholders and management. The company is controlled by Lee Seng Huang, the Group Executive Chairman.

History

Sun Hung Kai & Co. was established in 1969 by Fung King Hey, Kwok Tak Seng and Lee Shau Kee. It was listed on the Hong Kong stock exchange in 1983. In 1996, the company was acquired from the Fung family[2] by Allied Properties (HK) Limited, a subsidiary of Allied Group Limited, an investment holding company which manages property investment and provides financial services.[3] In 2006, Sun Hung Kai & Co. Limited entered the consumer finance business by acquiring UAF Holdings Limited.[4]

In 2015, Sun Hung Kai & Co. sold its subsidiary Sun Hung Kai Financial to Everbright Securities, developed mortgage business with the establishment of Sun Hung Kai Credit Limited, built investment management platform which becomes another major profit contributor for the company.

From 2020, Sun Hung Kai & Co. extended the Investment management business into Funds Management Platform. It has committed and launched four partnerships (East Point Asset Management,[5] E15VC,[6] ActusRayPartners[7] and MCIP[8]) in 1H2021.

References

  1. ^ "86:Hong Kong Stock Quote – Sun Hung Kai & Co Ltd". Bloomberg. Retrieved 13 April 2021.
  2. ^ History of Sun Hung Kai & Co. Limited. Shkco.com (1 December 2011).
  3. ^ Allied Group Limited. alliedgroup.com.hk.
  4. ^ "Sun Hung Kai in $4b buyout of UA Finance".
  5. ^ "Sun Hung Kai & Co teams up with East Point Asset Management". The Asset. 11 January 2021.
  6. ^ "What's New in Investments, Funds?". WealthBriefingAsia. 26 January 2021.
  7. ^ "SHK & Co commits capital to European alpha fund". The Asset. 22 March 2021.
  8. ^ "HK-based SHK sets up real estate debt fund, seeks to raise up to $300m". DealStreetAsia. 10 April 2021.