Sunway Group

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Sunway Berhad
Formerly called
Alpha Sunrise Sdn Bhd
Publicly traded company
Traded as 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; 43 years ago (1974)
Founder Jeffrey Cheah
Headquarters Bandar Sunway, Selangor, Malaysia
Key people
Jeffrey Cheah, Chairman
Chee Kin Chew, President
Revenue In excess of 4 billion MYR 2013
(Increase 9.13%)
Number of employees
13,001
Website www.sunway.com.my
Sunway Group headquarter office at Sunway Tower (Menara Sunway) in Bandar Sunway.

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.

Sunway Group is led by its founder, 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.

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[edit]

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.

Bandar Sunway also includes higher education facilities such as Monash University Malaysia and Sunway University. Sunway Group is the part owner of the Campus.

Sunway Group is also the parent company of Sunway Education Group of institutions. Sunway Group is also the parent company of Totalrubber Ltd, an industrial plastics and rubber supplier based in Hallam, Australia.

Sunway Resort Hotel & Spa[edit]

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[edit]

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. Sunway Group 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[edit]

References[edit]

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