How it started
History
Sun Hung Kai & Co. was established in 1969 by Fung King Hey, Kwok Tak Seng and Lee Shau Kee. It was listed on the Hong Kong stock exchange in 1983. In 1996, the company was acquired from the Fung family by Allied Properties (HK) Limited, a subsidiary of Allied Group Limited, an investment holding company which manages property investment and provides financial services. In 2006, Sun Hung Kai & Co. Limited entered the consumer finance business by acquiring UAF Holdings Limited.
In 2015, Sun Hung Kai & Co. sold its subsidiary Sun Hung Kai Financial to Everbright Securities, developed mortgage business with the establishment of Sun Hung Kai Credit Limited, built investment management platform which becomes another major profit contributor for the company.
From 2020, Sun Hung Kai & Co. extended the Investment management business into Funds Management Platform. It has committed and launched four partnerships (East Point Asset Management, E15VC, ActusRayPartners and MCIP) in 1H2021.
From Wikipedia’s article on Sun Hung Kai & Co., shared under CC BY-SA 4.0.2