Sunway Group

Sunway Group
Public
Industry Property, Construction, Hospitality, Retail, Leisure, Commercial, Trading & Manufacturing, Building Materials, Quarry, Healthcare, Education and Real Estate Investment Trust
Founded 1974
Headquarters Bandar Sunway, Selangor, Malaysia
Key people
 Jeffrey Cheah (Chairman)
Razman M Hashim (Deputy Chairman)
Chee Kin Chew (President)
Ramon Navaratnam (Corporate Adviser)
Revenue In excess of 4 billion MYR 2013
(Increase 9.13%)
Number of employees
 13,001
Website www.sunway.com.my

Sunway Group (MYX: 5211), or Sunway Berhad, 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, Tan Sri 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.

Following the success of the Sunway Resort 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 mega shopping and entertainment mall known as Sunway Pyramid, a theme park known as Sunway Lagoon and many beverage and entertainment outlets and other leisure facilities. Bandar Sunway also includes higher education facilities such as Monash University Malaysia. Formerly known as Monash University Sunway Campus Malaysia Sdn Bhd., Sunway Group is the part owner of the Campus. Monash University Malaysia is a private tertiary institution catering mainly to local students. Sunway Group is also the parent company of Sunway Education Group of institutions and Sunway University which provides homegrown university degrees and diplomas to Malaysian students. 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. 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

References

  1. ↑ http://www.bursamalaysia.com/market/listed-companies/list-of-companies/plc-profile.html?stock_code=5211&current_stock=4308
  2. 1 2 Smith, Alexandra (17 February 2004). "The lights go out at Wonderland, where millions got their thrills". The Sydney Morning Herald. Retrieved 14 July 2010.
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