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The company has interests across a range of economic sectors including entertainment, real estate and horse racing. It controls a number of operating businesses and is currently developing plans for a range of exciting new developments.
In Aquis Farm took over the management of the historic Emirates Park property in Murrurundi, New South Wales, and in acquired a property at Seymour in Victoria.
Home Coordinator-General Assessments and approvals Coordinated projects Completed projects Aquis Resort at the Great Barrier Reef Project. Date Activity 30 April Commonwealth Minister for the Environment's approval of controlled action , subject to conditions.
Last updated: Monday, Jul 13, Redevelopment of ha of rural land into a large-scale integrated tourism resort.
Things don't look great for the future of Aquis in the Tropical North with news that Ken Chapman has resigned as a director and the company's sponsorship of FNQ Heat is over.
Aquis has cut ties with two key Cairns connections in further signs it has all but abandoned its long-running ambition to build an integrated resort at Yorkey's Knob.
Local tourism identity Ken Chapman has stepped down from the Aquis board, according to a recent announcement to the Australian Stock Exchange.
Fung's year-old son Justin, who is heading up the Australian side of the Aquis operation, doesn't gamble at all.
He prefers wetting a line and trying to catch big fish in tropical north Queensland when he has free time. Quite honestly I'm not going to start playing if I'm rusty because I don't feel like getting my butt whooped," he laughed.
His father chimed in: "And he won't be allowed to as we go on with a project like this". Fairfax Media had sat down with the Fungs on board their private jet, a blue and white Boeing - their preferred mode of international travel - during an all-expenses paid trip Aquis offered to members of the media and the Queensland tourism industry so they could visit Macau, a place filled with casinos like the one they want to build.
Until recently, the Fungs were unheard of in Australia. While Tony Fung had property interests and a home in Noosa for two decades, it was back home in Hong Kong where the year-old billionaire was better known.
His father, Fung King Hey, was considered one of the godfathers of the Hong Kong stock exchange. Fung carried on his family's finance and property empire and settled into semi-retirement a few years ago.
It was a life that would have included time for sailing yachts around the world and spending days on his private golf courses.
Fung admits boredom quickly set in. Around the same time, the Newman Government swept to power in Queensland and Fung was shown once-forgotten plans for an approved Cairns mega resort named Rainbow Harbour.
It inspired the concept of Aquis, and it wasn't long before Fung was meeting personally with Campbell Newman.