Shun Tak Holdings Limited () is a Hong Kong-

Macau Macau or Macao (; ; ; ), officially the Macao Special Administrative Region of the People's Republic of China (MSAR), is a city and special administrative region of China in the western Pearl River Delta by the South China Sea. With a pop ...

company founded in 1972. It has been one of the constituents of the Hang Seng Hong Kong MidCap Index since 11 September 2006. The company is active in shipping, property, hospitality and investments businesses. Its shipping division, operating under the name of

TurboJET The turbojet is an airbreathing jet engine which is typically used in aircraft. It consists of a gas turbine with a propelling nozzle. The gas turbine has an air inlet which includes inlet guide vanes, a compressor, a combustion chamber, and ...

, operates ferry services between Hong Kong and Macau. The company's founder and

executive chairman The chairperson, also chairman, chairwoman or chair, is the presiding officer of an organized group such as a board, committee, or deliberative assembly. The person holding the office, who is typically elected or appointed by members of the grou ...

Stanley Ho Stanley Ho Hung-sun (; 25 November 192126 May 2020) was a Hong Kong-Macau billionaire businessman. His original patrilineal surname was Bosman, which was later sinicized to 何 (Ho). He was the founder and chairman of SJM Holdings, which owns ...

. His daughter

Pansy Ho Pansy Catalina Ho Chiu-king (; born 26 August 1962) is a Hong Kong-Canadian billionaire businesswoman who is the daughter of Macau-based businessman Stanley Ho, and the managing director of various companies he founded, including Shun Tak Holdin ...

serves as

managing director A chief executive officer (CEO), also known as a central executive officer (CEO), chief administrator officer (CAO) or just chief executive (CE), is one of a number of corporate executives charged with the management of an organization especially ...

with two of his other daughters, Daisy Ho Chiu-fung and Maisy Ho Chiu-ha, as executive directors as well as David Shum.

History

Until late 2010, Stanley Ho controlled the company. An 11.55 per cent stake in Shun Tak was transferred by Ho to Hanika Realty, a company controlled by second wife Lucina Laam and his five children with her. The transfer made Hanika Shun Tak's biggest single shareholder. In April 2015, Shun Tak Holdings Ltd purchased hotel property in Shanghai for RMB700 million (MOP900 million). In January 2017, Shun Tak acquired Singapore commercial complex for US$246.75 million.

Business operations

The company has extensive shipping and property holdings. Shipping companies owned include: Conwick Investment Ltd; Far East Hydrofoil Company Ltd; Hong Kong Macao Hydrofoil Company Ltd; Sunrise Field Ltd; Tai Tak Hing Shipping Company Ltd (this was the company, then independent, that owned the steamship ferry , which sank off

Lantau Lantau Island (also Lantao Island, Lan Tao) is the largest island in Hong Kong, located West of Hong Kong Island and the Kowloon Peninsula, and is part of the New Territories. Administratively, most of Lantau Island is part of the Islands Dis ...

in Typhoon Rose in 1971 with the loss of 88 lives, en route from Macau); Wealth Trump Ltd; Shun Tak-China Travel Macau Ferries Ltd (formerly known as Hong Kong-Macau New World First Ferry Services (Macau) Ltd); Companhia de Serviços de Ferry STCT (Macau) (formerly known as New Ferry - Transporte Maritimo de Passageiros (Macau))Ancestral Images: A Hong Kong Collection; Baker, Hugh D.R.; Royal Asiatic Society; 2011; ; p230

Residential Properties in Macau

References

External links

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Les Maisons Nassim

Park Nova Condo
Holding companies of Hong Kong Companies of Macau Financial services companies of Hong Kong Holding companies established in 1972 1972 establishments in Macau Companies listed on the Hong Kong Stock Exchange Former companies in the Hang Seng Index {{HongKong-company-stub