ShunTak_AR2018COVER_FA_PATH.indd 1 18/04/2019 10:01 AM ShunTak_AR2018COVER_FA_PATH.indd 2 18/04/2019 10:01 AM 共創多得 Doing More Together At Shun Tak, we believe in the power of partnership. When businesses and people share the same visions and goals, more can be achieved for the common good. That is why, for over 50 years, an integral part of our success rests with the collaboration between business and people with complementing skills and strength, to deliver products and services with our signature mark of distinction. When we come together, we do more together. ShunTak_AR2018_Editorial_English_FA_CC.indd 1 18/4/19 11:17 AM Corporate Information CHAIRMAN EMERITUS AUDIT COMMITTEE AUDITOR Dr. Stanley Ho Mr. Norman Ho (Chairman) PricewaterhouseCoopers Mr. Michael Wu Mr. Kevin Yip BOARD OF DIRECTORS SOLICITOR Ms. Pansy Ho Norton Rose Fulbright REMUNERATION COMMITTEE Group Executive Chairman and Managing Director Mr. Michael Wu (Chairman) Mr. Norman Ho PRINCIPAL BANKERS Mr. Norman Ho Mr. Charles Ho Bank of China (Hong Kong) Limited Independent Non-Executive Director Mr. Kevin Yip The Hongkong and Shanghai Banking Ms. Pansy Ho Corporation Limited Mr. Charles Ho Ms. Daisy Ho Bank of China, Macau Branch Independent Non-Executive Director Hang Seng Bank Limited China Construction Bank (Asia) Mr. Michael Wu NOMINATION COMMITTEE Corporation Ltd Independent Non-Executive Director Mr. Charles Ho (Chairman) Crédit Agricole Corporate & Mr. Norman Ho Investment Bank Mr. Kevin Yip Mr. Michael Wu The Bank of Nova Scotia Independent Non-Executive Director Mr. Kevin Yip Nanyang Commercial Bank, Ltd. Ms. Pansy Ho Ms. Daisy Ho Ms. Daisy Ho Deputy Managing Director SHARE REGISTRAR Ms. Maisy Ho Computershare Hong Kong Investor COMPANY SECRETARY Executive Director Services Limited Ms. Angela Tsang Shops 1712-1716 Mr. David Shum 17th Floor, Hopewell Centre Executive Director 183 Queen’s Road East REGISTERED OFFICE Wanchai Mr. Rogier Verhoeven Hong Kong Penthouse 39th Floor, West Tower Executive Director Shun Tak Centre 200 Connaught Road Central SHARE LISTING Hong Kong Tel: (852) 2859 3111 The Company’s shares are listed on Fax: (852) 2857 7181 The Stock Exchange of Hong Kong Website: www.shuntakgroup.com Limited. E-mail: [email protected] 2 Shun Tak Holdings Limited ShunTak_AR2018_Editorial_English_FA_CC.indd 2 18/4/19 11:17 AM Corporate Profile Shun Tak Holdings Limited (the “Company”) Property 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) has been listed on the Hong Transportation Kong Stock Exchange since 1973. Hospitality Investment Annual Report 2018 3 ShunTak_AR2018_Editorial_English_FA02_CC.indd 3 22/4/19 11:10 AM Corporate Profile PROPERTY feet. The Group formed a joint venture facilities at the border to Macau, to with HIP Company Limited, a wholly- be serviced by an extension of the The Group has a prominent and owned subsidiary of the Abu Dhabi Guangzhou-Zhuhai Intercity Rail as successful track record in the Macau Investment Authority to co-invest in well as the Hengqin and Macau light and Hong Kong property markets. the shopping centre. It will become rails in the future. It will be developed The Group owns one of the largest an activity hub serving the Taipa into an integrated landmark which developable floor areas in Macau community upon opening. comprises office, retail, hotel and among Hong Kong listed companies. serviced apartments. It is an important player in Macau’s The Group plays a prominent role in property market with a host of the Hong Kong property market with Mixed Development at Qiantan, property development projects, a portfolio comprising commercial, Shanghai is a 50:50 joint venture and has growing presence in the residential and retail property project with Shanghai Lujiazui (Group) Greater China real estate market with ventures. The Group’s signature Company Limited. When completed, investments in Tongzhou and Dong Zhi residential projects in Hong Kong the 133,500 square metres of total Men in Beijing, Minhang and Qiantan include The Belcher’s, liberté and gross floor area will encompass in Shanghai, Hengqin in Zhuhai, Xiqing Chatham Gate. offices, retail space, a 5-star hotel, in Tianjin and Chenggong in Kunming. and an arts and cultural centre. Upon Its property management branch completion, Artyzen Hospitality Group The Group has also recently entered currently offers professional property will take over the management of the the Singapore market through the and facility management services to hotel component of the development. acquisition of premium properties residential development, clubhouse, located in central business district, office tower, shopping mall and In 2018, the Group ventured into building a well-rounded portfolio carpark across Hong Kong and Macau. China’s healthcare sector through a spanning hotel, commercial and strategic partnership with Perennial residential developments. The Group made its foray into the Real Estate Limited, under which it Northern China property market will develop predominantly healthcare One Central, the Group’s joint venture through an investment in the Beijing mixed-use complex sited close to with Hongkong Land Holdings Tongzhou Integrated Development. The high-speed railway stations. The Limited, is located on a prime complex will be developed into an iconic first two cornerstone projects will be waterfront site in Macau Peninsula. landmark comprising retail, office and located in the Xiqing district of Tianjin The project comprises 7 prestigious serviced apartments all amalgamated and Chenggong district of Kunming. residential towers, a luxurious under one prime address along the flagship shopping mall, a 5-star famous Grand Canal. Beyond its Greater China home base, Mandarin Oriental Hotel and serviced the Group is diligently investing in apartments managed by the same Shun Tak Tower, the Group’s wholly- the Singapore market with a number hotel group. owned property in Beijing Dong Zhi of acquisitions that hold excellent Men near East 2nd Ring Road, is potentials. 111 Somerset Road is a Nova City in Taipa is one of the largest located next to the airport highway, premium commercial development luxury developments in Macau. The serviced by a convenient network of strategically located within the project comprises upscale residential major metro lines and bus routes. The Orchard Road precinct, surrounded by units, world-class landscaping and 63,000-square-foot site comprises a prime shopping, entertainment and clubhouse facilities. Sales of the first both office and hospitality components tourism belt with direct MRT access. four phases have generated strong and is close to Beijing downtown, It comprises approximately a gross public response. Joint development embassy area, and YanSha district. floor area of 766,550 square feet of partner, China State Construction office units, medical suites and 2 International Holdings Limited, has Hengqin Integrated Development is a levels of retail podium. been introduced to co-develop the joint development between the Group residential portion of Phase 5 – Nova and Perennial Hengqin Investment In June 2018, the Group successfully Grand, which will sit above a large- Group Pte. Ltd. The site boasts won the bid of two plots of prime scale lifestyle shopping centre with a unparalleled connectivity, with direct residential redevelopment sites in gross floor area over 655,000 square access to the port and commercial downtown Singapore, namely Park 4 Shun Tak Holdings Limited ShunTak_AR2018_Editorial_English_FA_CC.indd 4 18/4/19 11:17 AM House and 14 & 14A Nassim Road. connected sea transportation network On land, the Group’s 55.1% owned Situated close to Singapore’s famous linking major cities and airports in the joint venture, Shun Tak & CITS Coach shopping and entertainment hub of region such as Hong Kong, Macau, (Macao) Limited, has an operating Orchard Road as well as renowned Zhuhai, Shenzhen and Shekou. fleet of 138 vehicles, providing local Central Business Districts, the two and cross-boundary coach services properties will be redeveloped into In 2003, TurboJET launched between various mainland cities luxury residential condominiums “TurboJET Airport Routes” (previously and Macau. for sale. known as ‘TurboJET Sea Express’), a unique inter-regional multimodal The division is one of the participating TRANSPORTATION connection of air-sea network parties in a consortium that has comprising a ferry service that links succeeded in the tender of the sole The Group’s origin dates back to 1962 major international airports in the right to operate cross-border shuttle with the inauguration of a passenger PRD. The bonded service connects bus on the Hong Kong-Zhuhai-Macau ferry service between Hong Kong and air transit passengers of the Hong (HZM) Bridge. The service has started Macau. In a strategic move in 1999 to Kong International Airport with operation in October 2018 to coincide strengthen its shipping business and Macau and various destinations in the with the HZM bridge opening. expand its market share, the Group PRD region, further strengthening successfully merged its shipping connectivity amongst PRD cities and Leveraging its profound experience operation with that of China Travel world destinations. in passenger sea travel and International Investment Hong Kong understanding of regional tourism Limited to create a combined entity Today, the Group is involved in the