Guangdong Investment Limited (the "Company"), formerly known as Union Globe Development Limited ("Union Globe"), was incorporated in 1973 and it obtained its listing status on Hong Kong stock exchange in the same year. In January 1987, an enterprise owned by the Guangdong provincial government acquired a majority stake in Union Globe and then changed its name to Guangdong Investment Limited. The Company (stock code: 0270) is currently listed on the Main Board of the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng China-Affiliated Corporations Index and the Hang Seng Composite Industry Index - Utilities. The Company is a subsidiary of 廣東粤海控股集團有限公司 (formerly known as 廣東粤海控股有限公司) (Guangdong Holdings Limited) which holds an approximately 56.49% equity interest in the Company.
The Group is principally engaged in five core businesses, namely, water resources, infrastructure, property investment and development, department store operations, and hotel operations and management.
The water resources business mainly covers natural water supply, tap water supply, sewage water treatment and waterworks construction. The natural water supply business is conducted under the Dongshen Water Supply project which provides natural water to Hong Kong, Shenzhen and Dongguan regions. The tap water supply business mainly consists of the Wuzhou Water Supply project, the Qingxi Water Supply project and the Meizhou Water project. The total water supply capacity of the tap water supply business is 2,440,000 tons per day. The sewage water treatment business includes the Meizhou Sewage project, the Wuzhou Sewage project and the Jinsheng Sewage project. The total waste water processing capacity of the sewage water treatment business is 393,000 tons per day.
Investments in other infrastructure projects comprise electric power generation and road and bridge operation. The energy projects mainly consist of the Zhongshan Power Plant project and the Yudean Jinghai Power project. The Zhongshan Power Plant project has two 300 MW heat and power generating units. The total installed capacity of the Yudean Jinghai Power project (the Group holds a 25% effective interest) is 3,200 MW. The road and bridge business is conducted under the Xingliu Expressway project which comprises a main line of 99.6 km in length and three connection lines (in Xingye, Guigang and Hengxian) with an aggregate length of 52.7 km. On 8 June 2016, the Company entered into a cooperation agreement with 東莞市謝崗鎮人民政府 (Dongguan City Xiegang Town People's Government) in respect of the Yinping PPP Project, a public-private-partnership project for the development of certain A-grade highways, connecting roads and municipal roads (not being toll roads) and the related ancillary support services such as drainage, greening and lighting in 銀瓶創新區 (Yinping Innovation Zone) in Dongguan, Guangdong.
The property investment and development business mainly consists of the Guangdong Teem Mall project, the Tianjin Teem Mall project and the Panyu Wanbo CBD project. Department store operations business includes the Guangdong Teemall Department Store and the Teemall Wanbo Department Store.
In regard to hotel operations and management, the Group owns six hotels in Hong Kong and Mainland China including The Wharney Guangdong Hotel Hong Kong, Guangdong Hotel (Hong Kong) and Sheraton Guangzhou Hotel. In addition, the Group’s hotel management team is currently managing about 30 hotels in Hong Kong, Macau and Mainland China.
On 19 January 2017, the Company entered into a sale and purchase agreement with GDH Limited, the immediate holding company of the Company, pursuant to which the Company has conditionally agreed to acquire approximately 73.82% of the issued share capital of Guangdong Land Holdings Limited (“GDL”) (the “GDL Acquisition”). As all the conditions precedent of the abovementioned sale and purchase agreement had been fulfilled, the GDL Acquisition was completed on 18 April 2017. For details of the business of GDL, please refer to GDL’s website (http://www.gdland.com.hk).