Sun Hung Kai Properties Ltd. is a listed corporation based in Hong Kong. The company is controlled by the family trust set up by Kwok Tak Seng, who founded the company. The family speaks for 43.4% of the equity as at 30 June 2006. The company was one of many non-British owned companies that overtook the British trading companies or 'hongs' that dominated the financial order in Hong Kong prior to 1997. The company was founded in 1969 by the elder Kwok, together with Fung King-hei and Lee Shau Kee, and was listed on the Hong Kong Stock Exchange in 1972. The company's main operation is in the... investment of properties, through its flagship, Sun Hung Kai Properties . Sun Hung Kai Properties is now one of the largest property companies in Asia, and the largest real-estate developer in Hong Kong by market capitalisation. It specializes in residential and commercial projects for sale and investment. It employs 27,000 people. SHKP turned over HK$25.6 billion in 2006, with an operating profit of HK$12.3 billion.
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