Shun Tak Holdings Limited (the "Company") and its subsidiaries (the "Group") is a leading listed conglomerate with core businesses in property, transportation, hospitality and investments sectors. Established in 1972, the Company (HKSE 242) has been listed on the Hong Kong Stock Exchange since 1973.
Property
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 a growing presence in the Greater China real estate market with investments in Tongzhou and Dong Zhi Men in Beijing, Minhang, Qiantan and Jingan in Shanghai, Hengqin in Zhuhai, Xiqing in Tianjin and Chenggong in Kunming.
In recent years, the Group has also entered the Singapore market through the acquisition of premium properties at prime locations around the central business district, building a well-rounded portfolio spanning hotel, commercial and residential developments.
In Macau, the Group has partnered with Hongkong Land Holdings Limited to develop One Central. Located at a prime waterfront site on Macau Peninsula, the project comprises seven 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 landscaping and clubhouse facilities. Sales of the first four phases have generated strong public response. Nova Grand, the final phase of Nova City, sits above a large-scale lifestyle shopping center with a gross floor area over 655,000 square feet; while the massive Nova Mall, a joint venture partnership formed with Abu Dhabi Investment Authority to co-invest in the shopping center, has become a retail hub serving the Taipa community since its opening.
The Group plays a prominent role in the Hong Kong property market with a portfolio covering commercial, residential and retail property ventures. The Group's signature residential projects in the city include The Belcher's, liberté and Chatham Gate.
Its property management arm currently offers professional property and facility management services to residential developments, clubhouses, office towers, shopping malls and car parks across Hong Kong and Macau.
In Mainland China, the Group made its foray into the Northern China property market through an investment in the Beijing Tongzhou Integrated Development. The complex will be developed into an iconic landmark, amalgamating retail, office space and serviced apartments into a prime location along the famous Grand Canal
Shun Tak Tower, the Group's wholly-owned property in Beijing Dong Zhi Men near East 2nd Ring Road, enjoys a well-established transport network covering the airport highway, major metro lines and bus routes. The 63,000-square-foot site features office and hospitality spaces, and is close to Beijing downtown, embassy area and Yansha district.
To capitalize on the immense development opportunities in the Guangdong-Hong Kong-Macao Greater Bay Area ("GBA"), the Group became the sole owner of Hengqin Integrated Development in December 2020 after acquiring the remaining 30% interest in the project. Located in Zhuhai of Guangdong Pilot Free Trade Zone, it boasts unparalleled connectivity with direct access to the port and commercial facilities at the Macau border. The transport network also includes an extension of the Guangzhou-Zhuhai Intercity Railway, and will be further enhanced by the Macau Light Rapid Transit in future. The project will be developed into an integrated landmark comprising office and retail spaces, a hotel and apartments.
NEW BUND 31 at Qiantan, Shanghai is a 50/50 joint venture with Shanghai Lujiazui (Group) Company Limited. This cultural and community hub in Shanghai spans a gross floor area of 140,500 square meters, bringing together offices, retail space, basement retail areas, and a 202-room five-star hotel to be managed by Artyzen Hospitality Group. The site also features an art and cultural center housing a concert hall and several multi-purpose halls with a capacity of 4,000 spectators.
In 2020, the Group entered into agreements to acquire 40% effective interest in a mixed-use project located in Suhe Bay Area in Shanghai's Jingan District, and formed a strategic partnership with China Resources Land Limited to jointly develop the project. The development comprises four land plots with a total site area of approximately 65,692 square meters and a total developable gross floor area of approximately 329,000 square meters. In close proximity to major tourism destinations and central business precincts such as the Bund and Lujiazui, it is planned to encompass residential, office, commercial and cultural components, as well as an underground shopping mall and a central green park. In January 2021, the Group acquired a further 10% effective interest in the project and, therefore, holds a 50% effective interest in total.
In 2018, the Group also ventured into China's healthcare sector through a strategic partnership with Perennial Holdings Private Limited to develop mixed-use healthcare complexes near high-speed railway stations. The first two cornerstone projects - Tianjin South HSR Integrated Development and Kunming South HSR Integrated Development, will be developed into one-stop regional healthcare and commercial hubs offering medical, healthcare and elder care facilities, while featuring hospitality and retail spaces.
Beyond its Greater China home base, the Group is diligently investing in the Singapore market with a number of acquisitions that hold excellent potentials.
111 Somerset is a premium commercial development strategically located within the Orchard Road precinct, surrounded by a prime shopping, entertainment and tourism belt with direct MRT access. It comprises approximately a gross floor area of 766,550 square feet of office space, medical suites and a two-level retail podium.
In 2018, the Group acquired two plots of prime residential redevelopment sites in downtown Singapore, which are being developed into Park Nova at 18 Tomlinson Road, located close to the Orchard Road Shopping Belt, and Les Maisons Nassim at 14A, 14B and 14C Nassim Road, situated in the prestigious district of embassies and Good Class Bungalows and considered as one of the most high-end residential districts in Singapore. The two properties will emerge as luxury residential condominiums for sale.
Transportation
The Group's origin dates back to 1962 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 China Travel International Investment Hong Kong Limited ("CTII") to create a combined entity under the brand name "TurboJET". TurboJET, operated and managed by Shun Tak - China Travel Shipping Investments Limited ("STCTS") and its subsidiaries, offers passengers speedy, reliable and comfortable sea travel services across major destinations within the Pearl River Delta ("PRD"), developing a well-connected sea transportation network linking major cities and airports in the region including Hong Kong, Macau, Zhuhai, Shenzhen and Shekou.
In 2003, TurboJET launched "TurboJET Airport Routes" (previously known as "TurboJET Sea Express"), a unique inter-regional multi-modal connection of air-sea network comprising a ferry service that links major international airports in the PRD. 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.
In line with Macau SAR Government's tourism policy for new tourism products, the Group launched "Macau Cruise" in 2018, leveraging our profound experience in passenger sea travel and understanding of regional tourism trends to further diversify the tourism experience in Macau. It provides customized cruise services in specially liveried tour ferries around the coastline of Macau and Hengqin, taking in some of the most spectacular sights of the city and its vicinity.
In July 2020, the Group completed an important shareholding restructuring exercise in association with CTII. As a result, STCTS became a 50/50 owned company, taking the two-decade partnership further with the vision of solidifying a multi-modal transportation platform in the GBA and sharing resources and experiences in cross-border sea and land transportation industries in order to capitalize upon surging traffic flow within the region.
In supporting the National Government's initiative to enhance the connectivity and integration in the GBA, the division has cooperated with veteran cross-boundary land transport operators to participate in the operation of "Hong Kong-Zhuhai-Macao Bridge Shuttle Bus" services, popularly known as "Golden Bus", and also the "HK-MO Express", "TurboJET Cross Border Limo", and "Macau HK Airport Direct" services, a strategic move to further strengthen the Group's multi-modal transportation platform with expanded cross-boundary land transportation services across the Bridge.
Hospitality
The Group was a pioneer in introducing top-tier hotel services to Macau through its investments in the former Mandarin Oriental Macau and former Westin Resort Macau in the late 1980s.
As part of the Group's One Central development project, the 213-room Mandarin Oriental, Macau was opened in June 2010, boasting fine elegance and bespoke services. The 208-room Grand Coloane Resort, formerly Westin Resort Macau, is a lavish boutique resort on the beautiful shores of Coloane Island overlooking the Hac Sa Beach and the South China Sea.
In Hong Kong, the Group holds a 70% interest in the 658-room Hong Kong SkyCity Marriott Hotel, which is located minutes away from the Hong Kong International Airport and AsiaWorld-Expo.
Recently, the Group has also made its first foray into Singapore's hotel sector with Artyzen Singapore. Close to the local central business district and major tourism belt, it will be developed into a five-star luxury hotel offering 142 rooms.
To reinforce its presence in the hospitality sector, the Group founded Artyzen Hospitality Group Limited ("AHG") in 2013 to offer hotel management solutions to hotel owners and developers, as well as managing its own portfolio of luxury hotel brands that are characterized by their unique Asian art and cultural elements. This strategic expansion seizes the extensive opportunities in the burgeoning Asian tourism landscape, catering for the increasingly affluent, discerning and mobile travelers in China.
AHG is managing and operating 10 properties (eight Artyzen branded hotels and two non-branded hotels). It is also developing seven properties, either as an owner-operator or on a management contractual basis, located in Singapore, Shanghai, Chongqing, Hengqin and Suzhou. The Artyzen branded hotels are Artyzen Grand Lapa Macau (formerly Grand Lapa Hotel), Artyzen Habitat Dongzhimen Beijing, Artyzen Habitat Hongqiao Shanghai, YaTi by Artyzen Hongqiao Shanghai, Artyzen Habitat Qiantan Shanghai, The Sh 跣 g by Artyzen, Artyzen Lingang Shanghai and Artyzen Habitat Lingang Shanghai. The non-branded hotels are Grand Coloane Resort in Macau and Eature Residences Lingang in Shanghai.
Artyzen Habitat Dongzhimen Beijing is a 138-room hotel opened in 2017. Nestling in a vibrant area within Beijing's old fortress walls in Dong Zhi Men, it is just a 25-minute drive from the airport and is close to rail links.
Opened in 2018 in the new Shanghai MixC complex, the 188-room Artyzen Habitat Hongqiao Shanghai is situated in one of the city's latest and best shopping destinations with numerous entertainment hotspots, and is close to Shanghai Hongqiao International Airport and the Hongqiao Railway Station. In the same complex is also YaTi by Artyzen Hongqiao Shanghai, a budget hotel offering 303 rooms with superior service for modern travelers.
Launched in December 2021, Eature Residences Lingang is a 128-unit hotel-apartment development operated by the Group. It is located in the Lingang Special Area of Shanghai Pilot Free Trade Zone - a strategic hub for cutting-edge technology firms and the finance and trade sectors.
Artyzen Habitat Qiantan Shanghai and The Sh 跣 g by Artyzen commenced operation in September 2022. Both the 246-unit and the 210-unit hotels are strategically located in the emerging Qiantan district in Shanghai, a hub for business, entertainment and residence with world-class sporting facilities.
In addition to hotel operation, the Group is managing the award-winning Macau Tower Convention & Entertainment Centre ("Macau Tower"), a major MICE venue and tourist destination in Macau. Apart from MICE business, it offers diverse dining options, the best observation spot in town, shopping attractions, as well as the world's highest commercial Bungy Jump.
The Group also introduced Artyzen Club, a well-appointed private business membership club, to Hong Kong's central business district in 2018. The Club provides haute Asian and Western cuisines, sports and wellness amenities and versatile facilities for corporate and private functions.
Investment
The Group owns diversified valuable investment in Macau and Hong Kong. It possesses an effective interest in Sociedade de Turismo e Divers 髊 s de Macau, S.A. ("STDM") of approximately 15.8%. STDM in turn owns approximately 54.81% of SJM Holdings Limited ("SJM Holdings"), a listed company in Hong Kong. SJM Holdings is effectively entitled to a 100% economic interest in SJM Resorts, Limited (formerly known as "Sociedade de Jogos de Macau S.A."), one of six gaming concessionaries licensed by the Macau SAR Government to operate casinos in Macau.
The Group, through a three-way consortium with business partners, was awarded a contract comprising a five-year tenancy agreement of Kai Tak Cruise Terminal commencing from 1 June 2023. Designed to accommodate the new class of mega-cruisers, the terminal is instrumental in developing Hong Kong into an international cruise hub.
Retail Matters Company Limited is the Group's retail arm and the license holder of "Toys'R'Us" in Macau. Since the opening of its flagship store at Nova Mall in 2020, Toys'R'Us Macau continues to stand as the leader of the industry, offering over 40,000 square feet of toys store space at its three different locations - Nova Mall, Macau Tower and Senado Square. It has also acquired "Stecco Natura Gelaterie" from Italy to become the worldwide owner of this gelato brand, which further strengthens the Company's retail portfolio.
updated 27th April, 2023
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