Sunway Group
From Wikipedia, the free encyclopedia
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| Type | Public |
|---|---|
| Founded | 1974 |
| Headquarters | Bandar Sunway, Selangor, Malaysia |
| Key people | Mr Yau Kok Seng (CEO) Jeffrey Cheah (Chairman) Chee Kin Chew (President) Mark V. Rozario (CFO) |
| Industry | Trading, Quarrying, Construction, Education, Hotel |
| Products | Education Resort Property, IT Services |
| Revenue | 1.39 billion MYR 2005 (▲ 9.13%) |
| Employees | 2,243 |
| Website | www.sunway.com.my |
Sunway Group (MYX: 4308) also known as Sunway Holdings Incorporated Berhad commenced operations in 1986, mainly to develop the Bandar Sunway township in Petaling Jaya. Following the success of the township, the Group has since grown and diversified into property investment, leisure and entertainment, hospitality and healthcare although always with property development as its core business and key contributor to profitability.
Sunway Group is led by its founder, Dr. Jeffrey Cheah. He is the current Chairman and sits on the board of the Federation of Public Listed Companies, The National Kidney Foundation, The Board of Trustees of the Malaysian Liver Foundation and the Malaysian Business Council. The managing director of Sunway Group is Mr Yau Kok Seng who assumes day to day management of the conglomerate's activities.
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[edit] Group Structure
The parent company of Sunway Group is Sunway Holdings Incorporated Berhad. It is listed on Bursa Malaysia Securities Berhad since 16 February 1984. It changed its name from Sunway Holdings Sdn Bhd (SWH) to Sungei Way Holdings Berhad on 13 February 1983 and assumed its present name on 23 December 1999.
The other publicly listed subsidiary includes Sunway Infrastructure Berhad and Sunway City Berhad. The main activities of Sunway Infrastructure Berhad is managing toll road concessions and Sunway City Berhad manages portfolio of property and real estate investments.
[edit] Core Business Activities
- Civil Engineering & Construction
- Building Materials
- Trading & Manufacturing
- Quarrying
- Information Technology
- Toll Concessions
- Property Development & Investment
- Leisure, Entertainment & Hospitality
- Healthcare
- Tertiary Education
[edit] Notable subsidiaries
[edit] Monash University Malaysia
Formerly known as Monash University Sunway Campus Malaysia Sdn Bhd., Sunway Group is the part owner of the Monash University Campus. Monash University Malaysia is a private tertiary institution catering mainly to local students.
[edit] Sunway University College
Formerly known as Sunway College Sdn Bhd., The Sunway Group is the parent company of this university college which provides homegrown university degrees and diplomas to Malaysian students.
[edit] Sunway Resort Hotel & Spa
Sunway Group manages the Sunway Resort Hotel & Spa. This is a multiple hotel development located within an 800-acre (3.2 km2) integrated “Resort-In-the City” tourism landmark that consist of a collection of five Hotels, conference and convention centres, a popular theme park known asSunway Lagoon, an extreme park, a mega shopping and entertainment mall known as Sunway Pyramid, various food, beverage and entertainment outlets and other leisure facilities.
[edit] Wonderland Sydney
From 1997 to its closure in 2004, Sunway Group owned and operated Wonderland Sydney, a theme park in New South Wales, Australia. Dwindling popularity and public liability insurance costs were blamed for the closure. A small number of rides were moved to Sunway Lagoon, while most ended up being demolished or sold. The park's land was eventually sold and is now a business park.
