Sunway Group

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 Berhad
TypePublic limited company
MYX: 5211
ISINMYL5211OO007
IndustryProperty, Construction, Hospitality, Retail, Leisure, Commercial, Trading & Manufacturing, Building Materials, Quarry, Healthcare, Education and Real Estate Investment Trust
Founded1974; 47 years ago (1974)
FounderJeffrey Cheah
HeadquartersBandar Sunway, Subang Jaya, Selangor, Malaysia
Key people
Jeffrey Cheah, Founder & Chairman
Idris Jala, Co-Chairman
Razman M Hashim, Deputy Chairman
Chee Kin Chew, President
Ramon Navaratnam, Corporate Advisor
Revenue5.41 billion MYR 2018
(Increase 6.2%)
Number of employees
16,000
Sunway Group headquarter office at Sunway Tower (Menara Sunway) in Bandar Sunway.

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.

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 subsidiariesEdit

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.

Sunway Group is the parent company of Sunway Education Group. The group comprises 8 different educational institutions, which are Monash University Malaysia, Sunway University, Sunway Le Cordon Bleu Institute of Culinary Arts, Sunway College, Sunway International School, and Sunway International School Sunway Iskandar. Sunway Group is the part owner of the Campus.

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

Sunway Resort Hotel & SpaEdit

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 SydneyEdit

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. CEO Stephen Galbraith 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 alsoEdit

ReferencesEdit

  1. ^ "Main Market".
  2. ^ a b Smith, Alexandra (17 February 2004). "The lights go out at Wonderland, where millions got their thrills". The Sydney Morning Herald. Retrieved 14 July 2010.

External linksEdit