SUNWAY BERHAD
TAN SRI DATO’ SERI
DR. JEFFREY CHEAH
Founder and Chairman, Sunway Group
An accountant by training, Tan Sri Dr Jeffrey Cheah AO began his professional career at a motor assembly plant in Malaysia. In 1974, he founded the Sunway Group, one of Malaysia’s largest conglomerates with core interests in real estate and construction, and a 16,000-strong workforce.
Tan Sri Cheah has been admitted to 11 honorary doctorates by leading universities worldwide.
In 2008, he was appointed Officer of the Order of Australia (AO) by the Prime Minister of Australia.
In October 2016, Tan Sri Cheah was admitted to the honorary degree of Doctor of Education by Universiti Malaya, his first by a public university in Malaysia.
In recognition of Tan Sri Cheah’s enormous contributions to industry and the business world, he is the first Malaysian to receive the Singapore-based Channel NewsAsia Lifetime Achievement Luminary Award, and the Dayawati Modi Award for his outstanding contributions in the fields of philanthropy, education and promotion of arts and culture. Previous recipients include Dalai Lama and Mother Theresa.
Established in 1974, Sunway Group is one of Malaysia’s largest conglomerates with 13 business
divisions that operate across 50 locations worldwide. Our core interests are focused on real
estate, construction, education, healthcare, retail and hospitality.
Sunway’s unique Build-Own-Operate business model makes us an integral stakeholder of the communities in which we operates, particularly the sustainable townships of Sunway City Kuala Lumpur, Sunway City Ipoh in Perak and Sunway City Iskandar in Johor, and a host of other integrated developments which collectively span more than 5,000 acres across Malaysia.
Sunway Group, three public-listed companies — Sunway Berhad, Sunway Construction Group, and Sunway REIT, with a combined market capitalisation of RM 15 billion — form a real-estate value chain that exemplifies socially responsible business practices, evidenced by their listing on the FTSE4Good Bursa Malaysia Index. Underscoring Sunway Group’s long-standing commitment to the sustainability agenda, founder and chairman Tan Sri Dr Jeffrey Cheah AO through his eponymous Jeffrey Cheah Foundation (JCF), endowed US$10 million to the United
Nations to set up the Jeffrey Sachs Center on Sustainable Development at Sunway University in 2016 to promote the sustainable development agenda in this part of the world. The center is led by world renowned economist and special adviser to the UN Secretary General, Professor Jeffrey Sachs; and serves as a hub for education and advancement of sustainability across Southeast Asia.
Property Development
-Sunway’s Property Development division is one of the top property developers in Malaysia that has delivered over 30,000 units of residential, commercial and retail properties in Malaysia and overseas. With the success of our award-winning flagship township of Sunway City Kuala Lumpur, the division continued to build a reputation for innovative and sustainable integrated townships/ developments in Sunway City Ipoh, Sunway Damansara, Sunway Velocity, Sunway Penang and Sunway City Iskandar, and standalone developments alike in Malaysia, as well as key property markets such as Singapore, China and Australia.
Property Investment and Reit
-Under the Group’s ‘Build, Own, Operate’ business model, Sunway’s Property Investment and Real Estate Investment Trusts (“REIT”) division owns an extensive portfolio of retail assets, hotels, offices, university campuses, student
accommodations, a medical centre and an industrial asset, predominately located within the Group’s integrated townships. These properties are held either directly through subsidiaries of the Group or Sunway REIT, a 40.9%-owned associate. The total Assets under Management (“AUM”) of the division is in excess of RM10.7 billion with a total net lettable area (“NLA”) of approximately 11.3 million square feet. These assets generate stable and recurring rental income for the Group.
Leisure
-Sunway’s Leisure division offers thrilling adventures to international and local visitors through its two signature theme parks – Sunway Lagoon in Sunway City Kuala Lumpur, and Lost World of Tambun in Sunway City Ipoh, Perak. Spanning 88 acres and boasting over 90 attractions across six uniquely designed parks, Sunway Lagoon has attracted over 30 million visitors since its inception in 1992 and is internationally recognised as one of the best theme parks in Asia and one of the most sought-after concert and events venue in the region. Lost World of Tambun is set in the majestic 260 million years old limestone hills, landscaped with lush tropical flora and fauna and natural hot springs. With over 40 acres of attractions and rides as well as natural hot springs pools, the park offers both day and night entertainment for all ages.
Hospitality
-Our Hospitality division operates 11 hotels and resorts in Malaysia, Cambodia and Vietnam, representing a collection of over 3,300 guestrooms, suites and villas. The division’s portfolio of hospitality assets and services includes ownership and management of a cluster of hotels with large scale convention, meeting and exhibition facilities in an integrated city, to private villa destination, a wellness retreat and a portfolio of 5, 4 and 3-star hotels in mixed-use developments with adjoining leisure and retail facilities.
Construction
-With a track record of over 38 years, Sunway Construction Group Berhad (“SunCon”) is a leading contractor in turnkey building and infrastructure projects contributing significantly to nation-building through iconic landmark projects. Re-listed on the Main Board of Bursa Securities since 2015, SunCon has thrived into one of the most reputable and largest listed pure play construction players in Malaysia, offering a full range of integrated services from building, civil and infrastructure engineering, foundation and geotechnical engineering, mechanical, electrical and plumbing services (MEP), renewable energy services, to the manufacture and sale of precast concrete products.
Healthcare
-Established in 1999, Sunway Medical Centre is our flagship hospital for the Group’s Healthcare division. The hospital is one of the leading private hospitals in the region offering a comprehensive range of tertiary healthcare services and advanced treatment options. In September 2019, a second hospital, Sunway Medical Centre Velocity, was opened in the integrated development of Sunway Velocity Kuala Lumpur. The division is currently undertaking capacity expansion at the flagship Sunway Medical Centre and has embarked on an expansion plan to build six more hospitals over the next 5 years within our integrated developments in Malaysia.
Trading and Manufacturing
-The Trading and Manufacturing division of Sunway Group began operations in 1983 and has since grown into an international trading establishment serving various industries including construction, marine, oil and gas, mining, agriculture, manufacturing, logging and quarry. With a network of 43 active locations over 7 countries in the region, the division offers a wide range of well-established in-house brands and agency lines, classified into five major product lines, namely Hoses & Fittings, Heavy Equipment Parts, Heavy Equipment, Building Materials and Industrial Hardware.
Quarry
-Sunway returned to the quarry industry in 2005 and has since become a well-established player in the local quarry scene with the supply of single sized and blended aggregates and production of asphalt for the paving of roads and highways. The division made two acquisitions in 2019, namely Blacktop Industries and Dolomite Granite Quarry. The transaction for the first tranche of Blacktop Industries’ acquisition was successfully completed in July 2019 which helped increase the size of its operations to a total of 8 quarries and 24 asphalt plants across 19 locations in Malaysia, contributing to some of the nation’s largest developments and infrastructure projects. The acquisition of Dolomite Granite Quarry is currently pending completion.
Building Material
-The Group’s Building Materials division consists of three core segments; namely Interlocking Concrete Pavers (“ICP”), Vitrified Clay Pipes (“VCP”), and Spun Piles. Each of these segments manufacture products which are in compliance with Eco-Label and Green Label requirements, through sustainable business practices and eco-friendly manufacturing processes. All manufacturing facilities are ISO accredited in Quality Management System and Environment Management Systems.