Sun International Group has purchased leading Victorian stud farm Eliza Park.
Eliza Park was formerly owned by Lee Fleming and was placed in receivership after the deadline for its original sale passed on April 26.
To be now known as Eliza Park International Pty Ltd, the organisation will retain its current line-up of 12 stallions, while the divisions on each of its six farms in Victoria and Queensland will also continue to function in a similar manner.
Sun Kingdom’s Ting Kong Cheng said he is delighted to have acquired Eliza Park and is very excited about the stud’s future and his company’s involvement in the Australian thoroughbred industry.
“Our investment in Australia will be significant both in terms of stallions and other bloodstock. Importantly, Eliza Park International’s myriad services shall continue and, to that end, the existing management team remains working in tandem with an experienced and professional staff.
“I can assure Eliza Park International’s clientele that we are committed to providing a superior level of professionalism and will soon bring about some initiatives that will benefit supporters both domestically and globally.
“I also thank Inglis and Magic Millions for all their efforts in helping to secure the sale.”
Ting Kong Cheng was active at the Gold Coast Magic Millions National last month. He purchased 8 foals including a Fastnet Rock ($290,000), Exceed And Excel ($250,000) and Commands ($210,000).
He also weighed in with $150,000 for a northern-bred Redoute’s Choice half-brother to stakes winning filly Flying Alpha. The colt will be trained by Gai Waterhouse.
Cheung Ting Kong, 37, is popularly known as the “Sunshine Man” in Asian racing circles where he has dozens of horses in work.
The Sun International Group is a Hong Kong based business operating in Natural Resource Development, Online games and Leisure Resorts.