|About Shun Tak|
Shun Tak Holdings Limited (the "Company") and its subsidiaries (the "Group") is a leading listed conglomerate with core businesses in property, transportation, hospitality and investment sectors. Established in 1972, the Company (HKSE 242) hasbeen listed on the Hong Kong Stock Exchange since 1973.
The Group has a prominent and successful track record in the Macau and Hong Kong property markets. The Group owns one of the largest developable floor areas in Macau among Hong Kong listed companies. It is an important player in Macau's property market with a host of property development projects, and has recently expanded its footprint in the Greater China real estate market through investments in Tongzhou and Dong Zhi Men in Beijing, as well as Hengqin in Zhuhai.
One Central, the Group's joint venture with Hongkong Land Holdings Limited, is located on a prime waterfront site in Macau Peninsula. The project comprises 7 prestigious residential towers, a luxurious flagship shopping mall, a five-star Mandarin Oriental Hotel and serviced apartments managed by the same hotel group.
Nova City in Taipa is one of the largest luxury developments in Macau. The project comprises upscale residential units, world-class and scaping and clubhouse facilities. Sales of the first four phases have generated strong public response. Joint development partner, China State Construction International Holdings Limited, has been introduced to co-develop the residential portion of Phase 5, which will sit above a large-scale lifestyle shopping centre with a gross floor area over 650,000 square feet. The shopping centre will become an activity hub serving the Taipa community upon completion.
The Group plays a prominent role in the Hong Kong property market with a portfolio comprising commercial, residential and retail property ventures. Chatham Gate is the Group's latest residential project; consisting approximately 370,000 square feet of residential and retail space.
In 2012, the Group made its foray into the Northern China property market through an investment in Beijing Tongzhou Integrated Development Phase 1. Following this strategic move, the same consortium undertook to acquire Phase 2 of the project, which contributed to a larger combined site for retail, office, hotel and serviced apartments development fronting the scenic Grand Canal.
Shun Tak Tower, the Group's wholly-owned property in Beijing Dong Zhi Men near East 2nd Ring Road, is located next to the airport highway, serviced by a convenient network of major metro lines and bus routes. The 63,000 square feet site comprises both office and hospitality components and is close to Beijing downtown, embassy area, and Yan Sha district.
Hengqin Integrated Development is a joint venture between the Group and Perennial Hengqin Investment Group Pte. Ltd.. The site boasts unparalleled connectivity, with direct access to the port and commercial facilities at the border to Macau, to be serviced by the Hengqin and Macau light rails as well as the extension of Guangzhou-Zhuhai Intercity Rail in the future. It is set to be developed into an integrated landmark which comprises office, hotel, commercial, and serviced apartments.
The Group currently provides property management services to 26 million square feet of residential, commercial and industrial properties across Hong Kong and Macau.
The Group's origin dates back to 1961 with the inauguration of a passenger ferry service between Hong Kong and Macau. In a strategic move in 1999 to strengthen its shipping business and expand its market share, the Group successfully merged its shipping operation with that of CTS Parkview Holdings Limited to create a combined entity under the brand name "TurboJET".
TurboJET, operated and managed by Shun Tak – China Travel Shipping Investments Limited, offers passengers speedy, reliable and comfortable sea travel services across major destinations within the Pearl River Delta ("PRD"), linking major cities such as Hong Kong, Macau, Nansha and Shekou.
In 2003, TurboJET launched a unique inter-regional air-sea network titled "TurboJET Airport Routes" comprising a ferry service that links major international airports in the PRD (previously known as ‘TurboJET Sea Express'). The bonded service connects air transit passengers of the Hong Kong International Airport with Macau and various destinations in the PRD region, further strengthening connectivity amongst PRD cities and world destinations.
Following the successful acquisition of New World First Ferry Services (Macau) in September 2011, TurboJET has become the world's largest fleet of high speed passenger ferries; further reinforcing its market-leader position within the region. The strategic move also reinforced the Group's commitment in weaving a seamless sea network for the PRD.
Today, the Group is involved in the operational management of three key ferry terminals in the region, namely Hong Kong SkyPier, Macau Maritime Ferry Terminal and Shenzhen Airport Fuyong Ferry Terminal. The management of passenger ports strategically anchors the multimodal transportation development within the region.
In June 2013, the Group has taken an equal third share in Jetstar Hong Kong Airways Limited ("Jetstar Hong Kong") with Qantas Group and China Eastern Airlines as its partners. The launch of Jetstar Hong Kong is subject to regulatory approvals.
On land, the Group's joint venture company, Shun Tak & CITS Coach (Macao) Limited, has an operating fleet of 144 vehicles, providing local and cross-boundary coach services between various mainland cities and Macau. In building a comprehensive air-sea-land network, the Group creates a unique and strategic international multimodal transportation platform to capitalize upon passenger traffic in the PRD and other parts of Asia.
The Group was a pioneer in introducing top-tier hotel services to Macau through its investments in the former Mandarin Oriental Macau and Grand Coloane Resort (formerly known as Westin Resort Macau) in the late 1980s.
As part of the Group's One Central development project, the new Mandarin Oriental Hotel comprising 213 guest rooms was opened in June 2010. The Group also has plans to invest in a number of luxury hotels in the Cotai tourism epicenter upon Macau government approval.
The award-winning Macau Tower Convention & Entertainment Centre managed by the Group, is a major MICE venue and tourist destination in Macau. Apart from MICE business, it offers eclectic dining choices, the best observation spot in town, shopping attractions, as well as the world's highest commercial Bungy Jump.
The Group holds a 70% interest in the Hong Kong SkyCity Marriott Hotel, a 658-room facility located minutes away from the Hong Kong International Airport and AsiaWorld-Expo.
In 2013, the Group founded Artyzen Hospitality Group to offer hotel management solutions to hotel owners and developers, as well as manage its own portfolio of luxury hotel brands, characterized by unique Asian art and cultural offerings. It has also partnered with the widely popular European citizenM hotel brand for its Asian launch. This strategic expansion not only strengthens the Group's presence in hotel services, but also seizes the extensive opportunities in the burgeoning Asian tourism landscape, especially for the increasingly affluent, discerning and mobile travelers in China.
In partnership with Shanghai International Port (Group) Co. Limited, the Group holds interest in the Sea Palace Floating Restaurant in Shanghai, the largest floating restaurant in the city with a capacity of 1,100 seats.
With a full China MICE license obtained in 2009, Shun Tak Travel manages to capture a variety of event hospitality opportunities in the mainland through providing one-stop and innovative travel and MICE solutions to corporate clients, travel partners as well as individual travelers. It has serviced many large enterprises and leading brands, and is making a name in tailored corporate hospitality solution in China.
The Group owns diversified valuable investment in Macau and Hong Kong. It possesses an effective interest in Sociedade de Turismo e Diversoes de Macau, S.A. ("STDM") of approximately 11.5%, which in turn owns approximately 54.92% of SJM Holdings Limited ("SJM Holdings"), a listed company in Hong Kong. SJM Holdings owns the entire shareholding interests of Socidadede Jogos de Macau S.A., one of six gaming concessionaries licensed by the Macau SAR Government to operate casinos in Macau. Macau Matters Company Limited, the Group's retail arm, operates "Toys"R"Us" catering to the demand of local youngsters and tourists.
The Group, through a three-way consortium with business partners, was awarded a contract comprising of a 10-year tenancy agreement of the up-coming new Kai Tak Cruise Terminal. The facility is designed to accommodate the new class of megacruisers and instrumental in developing Hong Kong into an international cruise hub.