Sun Hung Kai & Co.
 | |
| Company type | Listed company |
|---|---|
| SEHK: 86 | |
| Industry | Financial services |
| Founded | 1969 |
| Founder | Mr. 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 |
| Parent | Allied Properties (H.K.) Limited |
| Website | shkco.com |
| Sun Hung Kai & Co. | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|
| Traditional Chinese | 新鴻基有限公司 | ||||||||||
| Simplified Chinese | 新鸿基有限公司 | ||||||||||
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Sun Hung Kai & Co. Limited (SEHK: 86) is a leading Hong Kong-based financial institution recognised for its expertise in alternative investments and wealth management. Since 1969, the Company has built a diversified investment portfolio across public markets, credit and alternatives strategies including real estate and private equity, delivering long-term risk-adjusted returns. Leveraging its deep-rooted Asian heritage, SHK & Co. supports and nurtures specialist emerging asset managers in the region, empowering them to excel. SHK & Co. also utilises its long-standing investment expertise and resources in providing tailored investment solutions to like-minded partners and ultra-high-net-worth investors through its Family Office Solutions. It is also the major shareholder of a leading Consumer Finance firm, United Asia Finance Limited.
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
[edit]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[1] by Allied Properties (HK) Limited, a subsidiary of Allied Group Limited, an investment holding company which manages property investment and provides financial services.[2] In 2006, Sun Hung Kai & Co. Limited entered the consumer finance business by acquiring UAF Holdings Limited.[3]
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,[4] E15VC,[5] ActusRayPartners[6] and MCIP[7]) in 1H2021.
References
[edit]- ^ History of Sun Hung Kai & Co. Limited. Shkco.com (1 December 2011).
- ^ Allied Group Limited. alliedgroup.com.hk.
- ^ "Sun Hung Kai in $4b buyout of UA Finance".
- ^ "Sun Hung Kai & Co teams up with East Point Asset Management". The Asset. 11 January 2021.
- ^ "What's New in Investments, Funds?". WealthBriefingAsia. 26 January 2021.
- ^ "SHK & Co commits capital to European alpha fund". The Asset. 22 March 2021.
- ^ "HK-based SHK sets up real estate debt fund, seeks to raise up to $300m". DealStreetAsia. 10 April 2021.