Sunway Group
 | This article contains promotional content. (August 2020) |
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| Company type | Publicly traded company |
|---|---|
| MYX: 5211 | |
| ISIN | MYL5211OO007 |
| Industry | Property, Construction, Hospitality, Retail, Leisure, Commercial, Trading & Manufacturing, Building Materials, Quarry, Healthcare, Education and Real Estate Investment Trust |
| Founded | 1974 |
| Founder | Jeffrey Cheah |
| Headquarters | Bandar Sunway, Selangor, Malaysia |
Key people | Jeffrey Cheah, Founder & Chairman Idris Jala, Co-Chairman Razman M Hashim, Deputy Chairman Chee Kin Chew, President Ramon Navaratnam, Corporate Advisor |
| Revenue | 5.41 billion MYR 2018 (  6.2%) |
Number of employees | 16,000 |
Sunway Berhad (Chinese: 双威集团) (MYX: 5211) or Sunway Group is a Malaysian conglomerate company. It was formed following a merger between Sunway City Berhad (SunCity) and Sunway Holdings Berhad on 23 August 2011.[1]
Sunway Holdings Incorporated Berhad commenced operations in 1986, mainly to develop the Bandar Sunway township in Petaling Jaya. It was listed on Bursa Malaysia Securities Berhad on 16 February 1984. Sunway City Berhad on the other hand, was incorporated in 1982 and engages in the investment and development of residential, commercial, retail, leisure, and healthcare properties primarily in Asia and Australia.
Following the success of the Sunway City township, the Group diversified into property investment, leisure and entertainment, hospitality and healthcare. Today Sunway maintains property development and construction as its two core businesses and key contributors to profitability.
Notable subsidiaries
Most notable subsidiaries located close to the headquarters in Bandar Sunway. These include two main hotels: Sunway Resort Hotel and Spa and the Pyramid Tower Hotel. Other tourism-related facilities include the Sunway Pyramid shopping mall, Sunway Lagoon theme park, various beverage and entertainment outlets and other leisure facilities.
Sunway Group is the parent company of Sunway Education Group. The group comprises 8 different educational institutions, which are Monash University Malaysia, Sunway University, Sunway Le Cordon Bleu Institute of Culinary Arts, Sunway College, Sunway International School, and Sunway International School Sunway Iskandar. Sunway Group is the part owner of the Campus.
Sunway Group is also the parent company of Totalrubber Ltd, an industrial plastics and rubber supplier based in Hallam, Australia.
Sunway Resort Hotel & Spa
Sunway Resort Hotel & Spa is one of the largest hotel developments in Greater Kuala Lumpur, integrating a complex of five hotels with 1,234 guestrooms, suites, luxury villas and serviced residences.
Wonderland Sydney
In 1997, Sunway Group purchased Wonderland Sydney. Only one ride, Skyrider which was the former cable car at the Sydney Showgrounds, was added between the 1997 takeover and the park's closure. CEO Stephen Galbraith stated the September 11 attacks, the 2002 Bali bombings, the collapse of HIH Insurance, the SARS virus, the bird flu virus, "consistent losses" on the Asian financial crisis, the collapse of Ansett Australia, the Iraq War and the 2003 bushfires all contributed to the park's closure.[2] The Sydney Morning Herald stated that Sunway Group "blames Wonderland's demise on everything except poor management".[2]
See also
References
- ^ http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5211¤t_stock=4308
- ^ a b Smith, Alexandra (17 February 2004). "The lights go out at Wonderland, where millions got their thrills". The Sydney Morning Herald. Retrieved 14 July 2010.
External links
