Shun Tak Holdings | South China Morning Post
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  • Jan 30, 2015
  • Updated: 4:04am

Shun Tak Holdings

Shun Tak Holdings is the property, transport, hospitality and investment arm of gambling mogul Stanley Ho Hung-sun, who controlled the company until late 2010 when it was restructured. The company’s shipping division, operates ferry services between Hong Kong and Macau.

Shun Tak Holdings planning to bid for marine cargo terminal project

Shun Tak Holdings is planning to bid for a proposed marine cargo terminal project at Hong Kong International Airport.

Managing director Pansy Ho Chiu-king said Shun Tak would join with two shipping companies to bid, but declined to elaborate.

Friday, 16 June, 2000, 12:00am

Belcher's boosts Shun Tak

Property and shipping conglomerate Shun Tak Holdings has posted a 134.49 per cent increase in net profit for last year largely due to sales of its residential project The Belcher's in Mid-Levels.

Net profit was HK$256.3 million on turnover of HK$2.88 billion, up 146.8 per cent from 1998.

13 Apr 2000 - 12:00am

Shun Tak weighs e-commerce potential

Shun Tak Holdings plans to look at investment opportunities in e-commerce related to tourism and hospitality, according to managing director Pansy Ho.

Speaking after a signing ceremony for a $1.92 billion revolving credit facility, she said it would like to seek investment opportunities in other 'innovative' industries, including high technology.

4 Nov 1999 - 12:00am

The Belcher's advanced on buying demand

Shun Tak Holdings and Sun Hung Kai Properties (SHKP) will bring forward the official sale of 48 units at The Belcher's in Pokfulam by one week to Saturday.

SHKP said it made the move after a strong response to an internal sale of 237 units at the project on Sunday.

1 Jun 1999 - 12:00am

Shun Tak records 64pc fall in crisis

Macau gambling magnate Stanley Ho Hung-sun's Shun Tak Holdings was hit hard in the first half by the economic crisis affecting the region, posting a year-on-year 64 per cent drop in attributable profit to $45.4 million in the six months to June.

28 Aug 1998 - 12:00am

Shun Tak aims to part with stake in four-star Perth hotel

Shipping company Shun Tak Holdings plans to sell its 75 per cent stake in a profitable, four-star hotel in Australia for $90 million to chairman and major shareholder Stanley Ho Hung-sun. The company sold the stake in 249-room Rydges Hotel in Perth as Mr Ho already owns 25 per cent of the hotel.

18 May 1998 - 12:00am

SHUN Tak Holdings

SHUN Tak Holdings has operations in shipping, property, restaurants, and hotel management. A year ago, Nomura Securities placed a hold on the stock saying business was not bright but the share price was unlikely to fall far.

This proved poor advice. The stock plummeted as tourism to Macau fell and competition on the Macau-Hong Kong ferry route increased.

14 Dec 1997 - 12:00am

That the Brokers Said

SHUN Tak Holdings is a conglomerate whose main activity is operating jetfoils between Hong Kong and Macau.

Last year Nomura Securities put a hold on the stock, saying the jetfoil operations were on the verge of recovery.

This proved poor advice as a slump in Macau tourism and competition on the route from Hong Kong hit earnings.

26 Oct 1997 - 12:00am

Rules error

Shun Tak Holdings yesterday outlined a string of deals its subsidiaries have struck with companies controlled by its shareholders in the past few years that had not been disclosed due what it said was a misinterpretation of stock exchange listing rules.

It is seeking waivers from the exchange for strict compliance with disclosure requirements in the rules.

6 Jun 1997 - 12:00am

$1.8b loan secured by Shun Tak for Mid-Levels project

Shun Tak Holdings has signed a $1.8 billion revolving loan agreement, its largest to date, to cover part of the redevelopment costs of the $11 billion Belcher Garden project in western Mid-Levels.

10 Oct 1996 - 12:00am

Shun Tak in $5.2b land premium

A consortium led by Shun Tak Holdings has agreed to pay the Government a land premium of more than $5 billion, clearing the way for an $11 billion residential development to go ahead at west Mid-Levels.

1 Oct 1996 - 12:00am

Little cheer for Shun Tak as net falls 31pc

Hotel operations in Macau and restaurant business were about the only bright spots for Stanley Ho Hung-sun as Shun Tak Holdings registered a 31 per cent drop in net profit to $178.5 million for the six months to June 30.

The company said yesterday there had been zero growth in jetfoil traffic between Hong Kong and Macau.

30 Aug 1996 - 12:00am

Jetfoil rivals mar Shun Tak outlook

Shun Tak Holdings Recommendation: Hold Brokerage: Sun Hung Kai SHUN TAK is involved in shipping, property, restaurants, air transport and hotels in the Asia-Pacific region.

Its Hong Kong-Macau jetfoil operation will see only 2 per cent growth this year as keen competition from other companies and newcomer China Travel Service have pared its market share.

21 Apr 1996 - 12:00am

Eight minutes of fame for Orbis

THERE were no signs of jetlag after a piece of aviation history was made last night. Eight minutes after taking off from Kai Tak, the Project Orbis flying eye hospital landed at Macau's new airport on the first flight from Hong Kong.

Yet, touching down at 7.40 pm, it still managed to arrive half an hour late.

26 Nov 1995 - 12:00am

Shun Tak confirms deal

SHUN Tak Holdings has confirmed that it was offering a 29 per cent stake in its giant Belcher Gardens redevelopment in Mid-Levels to Sun Hung Kai Properties.

The pair has set up a joint-venture company, Ranex Investments, to carry out the redevelopment of the site, formerly home to the Hong Kong Civil Servants' Co-operative Building Society.

7 Aug 1995 - 12:00am