Shun Tak Holdings

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Shun Tak Holdings Limited (信德集團有限公司) (SEHK0242) is a public company incorporated in 1972. It has been one of the constituents of the Hang Seng Hong Kong MidCap Index since 11 September 2006.

The company's founder and executive chairman is Stanley Ho. His daughter Pansy Ho serves as managing director[1] with two of his other daughters, Daisy Ho Chiu-fung and Maisy Ho Chiu-ha, as executive directors as well as David Shum.[2]

The company is active in shipping, property, hospitality and investments businesses. Its shipping division, operating under the name of TurboJET, operates ferry services between Hong Kong and Macau.

Until late 2010, Stanley Ho controlled the company. An 11.55 per cent stake in Shun Tak was transferred by Ho to Hanika Realty, a company controlled by second wife Lucina Laam and his five children with her. The transfer made Hanika Shun Tak's biggest single shareholder.[3]

Shipping and property holdings[edit]

The company has extensive shipping and property holdings. Shipping companies owned include: Conwick Investment Ltd; Far East Hydrofoil Company Ltd; Hong Kong Macao Hydrofoil Company Ltd; Sunrise Field Ltd; Tai Tak Hing Shipping Company Ltd (this was the company, then independent, that owned the steamship ferry Fat Shan, which sank off Lantau in Typhoon Rose in 1971 with the loss of 88 lives, en route from Macau); Wealth Trump Ltd; Shun Tak-China Travel Macau Ferries Ltd (formerly known as Hong Kong-Macau New World First Ferry Services (Macau) Ltd); Companhia de Serviços de Ferry STCT (Macau) (formerly known as New Ferry - Transporte Maritimo de Passageiros (Macau))[4][5]

Residential Properties in Macau[edit]

Property Name Location Residential Units Construction Completed In Nos. of Floors Height
Nova Taipa Gardens Taipa, Macau tbc 1997 27 86.26 m
Nova City Taipa, Macau 1,932 2008 36 109.8 m
Nova Park Taipa, Macau tbc scheduled 2014 42 tbc

References[edit]

  1. ^ Cottrell, Christopher (2008-03-12), The Macao maven - China's Power Women, China International Business, retrieved 2010-03-19 
  2. ^ Trigger, Rebecca (2010-12-31), Shun Tak pushes back expected date for rights to Nam Van land, Macao Post Daily (1570): 3 
  3. ^ Gough, Neil (25 January 2011). "Stanley Ho seeks answers from family members", South China Morning Post
  4. ^ Shun Tak Holdings Annual Report 2011
  5. ^ Ancestral Images: A Hong Kong Collection; Baker, Hugh D.R.; Royal Asiatic Society; 2011; ISBN 978-988-8083-09-01; p230

External links[edit]