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Sunway Group

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Sunway Group
Native nameSunway Berhad
双威集团
Company typePublic limited company
Traded asMYX: 5211
ISINMYL5211OO007
IndustryConglomerate
Founded1974; 51 years ago (1974)
FounderJeffrey Cheah
HeadquartersSunway Tower, Sunway City, Subang Jaya, Selangor, Malaysia
Key peopleJeffrey 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 employees16,000+
Websitesunway.com.my

Sunway Group (Malay: Sunway Berhad, Chinese: 双威集团) is a Malaysian conglomerate. It is headquartered at Sunway City, Subang Jaya, Selangor, Malaysia.

History

Sunway Group headquarters at Sunway Tower (Menara Sunway) in Sunway City, Subang Jaya, Selangor

The Sunway Group commenced operations in 1986, primarily focused on the development of Bandar Sunway township in Petaling Jaya. It was listed on Bursa Malaysia Securities Bandar on 16 February 1984. Sunway City Berhad was incorporated in 1982 and engages in the “investment and development of residential, commercial, retail, leisure, and healthcare properties primarily in Asia". Sunway's core businesses are property development and construction.

Subsidiaries

Sunway's most notable subsidiaries are located close to headquarters. These include two hotels: Sunway Resort Hotel and Spa and the Pyramid Tower Hotel. Other tourism-related facilities include the Sunway Pyramid shopping mall and Sunway Lagoon theme park.

Sunway Education Group comprises eight educational institutions: Sunway University, 42 Kuala Lumpur, 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 Property is the property development arm. It was established in 1974 and became a multinational property development and construction corporation, with presence in over 50 locations worldwide. Their businesses operate in countries such as Malaysia, China, Singapore, Cambodia and Vietnam. Sunway Property is the master developer of Sunway City, Sunway City Ipoh, Sunway Penang and Sunway Iskandar.

Other operations

Controversies

Caged eggs in Sunway Group's global supply chain

Sunway Group's hospitality arm Sunway Hotels & Resorts which operates 11 hotels and resorts, faced negative publicity for using of battery-cage eggs in its supply chain. Due to the cruel conditions on those farms, as well as the health risks associated with eggs produced in battery cages, the European Union Council Directive 1999/74/EC banned caged farms in 2012.

References

  1. "About Us - Company | Sunway Property". www.sunwayproperty.com. Retrieved 2024-11-19.
  2. "Sunway Hotels & Resorts | Holiday resort in Southeast Asia". www.sunwayhotels.com. Retrieved November 11, 2024.
  3. "60% of Leading Hotel Groups in Malaysia Now Committed to Source Only Cage-Free Eggs – Yellow Bees". Yellow Bees. July 9, 2024. Retrieved November 27, 2024.
  4. "Sunway Hotels and Resorts: Food safety risks and animal cruelty". Sunway Hotels and Resorts: Filth and Cruelty. Retrieved November 27, 2024.

External links

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