Jump to content

Sun Hung Kai & Co.

From Alfawiki
Sun Hung Kai & Co. Limited
Company typePublic
IndustryFinancial services, Alternative investment
Founded1969
FounderFung King Hey, Kwok Tak Seng, Lee Shau Kee
Headquarters
Hong Kong
,
Hong Kong
Area served
Asia
Key people
Lee Seng Huang (Group Executive Chairman)
ProductsInvestment management, Consumer finance
OwnerAllied Properties (HK) Limited (subsidiary of Allied Group Limited)
ParentAllied Group Limited

Sun Hung Kai & Co. Limited ()is an alternative investment firm headquartered in Hong Kong, founded in 1969. The Group manages leading platforms within Financial services, engaging in investments across public markets, alternative assets, and real estate, demonstrating a consistent history of generating long-term risk-adjusted returns. Recently, it has broadened its approach to nurture and back emerging asset management firms across Asia and holds a controlling stake in the consumer finance company United Asia Finance Limited. As of 31 December 2021, the Group's total assets amounted to approximately HK$48.8 billion.

Despite sharing the "Sun Hung Kai" brand with Sun Hung Kai Properties, these are independent organizations with separate ownership and leadership. The company’s governance is led by Group Executive Chairman Lee Seng Huang.

History

Sun Hung Kai & Co. was established in 1969 by Fung King Hey, Kwok Tak Seng, and Lee Shau Kee, and subsequently listed on the Hong Kong stock exchange in 1983. In 1996, Allied Properties (HK) Limited, a subsidiary of Allied Group Limited—an investment holding entity specializing in property and financial services—acquired the firm from the Fung family. The company ventured into consumer finance in 2006 through the acquisition of UAF Holdings Limited.

In 2015, Sun Hung Kai & Co. divested its subsidiary Sun Hung Kai Financial to Everbright Securities, initiated a mortgage lending operation under Sun Hung Kai Credit Limited, and developed an investment management division which evolved into a key revenue source.

From 2020 onwards, the company has grown its investment management capabilities into a Funds Management Platform, establishing four partnerships by mid-2021: East Point Asset Management, E15VC, ActusRayPartners, and MCIP.

References