Real Estate - Hong Kong, N/A, hk
THE SUN is an investment fund, currently with an industrial park in Nanning, China, industrial units in Hong Kong, and other shareholding investment in Hong Kong.THE SUN Industrial Park is a large-scale industrial construction project under THE SUN (Nanning) Electronics Co. Ltd. ("THE SUN"). Currently, 59,000sqm has been utilised for facility construction, and 13,218sqm is being under construction. Actively responding to the governmental initiative in 2008, THE SUN utilised its existing resources and began to turn its focus to standard factory facilities construction. Under the support of the local government and the Economic Zone Committee, this project was approved in April 2008. Initial investment amounted to RMB 95,000,000 (circa. USD 15,000,000) and amount of land committed was 60,000sqm. The project began in May 2009.Before moving into facilities construction, seizeing the opportunity of China's "Open Door Policy" in the 80s, THE SUN was the first foreign investing entity in Nanning and has built its operation in electronics manufacturing, together with a local partner.As its manufacturing function grew, it bought its own land and established THE SUN (Nanning) Electronics Co. Ltd. It used to own more than 200 heavy machines, hired more than 1,000 workers, and its products were exported only to Japan, Europe and the Unitied States.
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