Core Businesses

Department Store Operations

Department Stores Operations

The Group holds an effective interest of approximately 85.2% in both 廣東天河城百貨有限公司 (Guangdong Teemall Department Stores Ltd.*) ("GDTDS") and 廣州市天河城萬博百貨有限公司 ("天河城萬博"). GDTDS operates Teemall Store in Teem Plaza. It also operates Teemall Store – Beijing Road Branch, Ao Ti Outlet Store, Dong Pu Store, Dongguan First International Store, Foshan Nanhai Store and Beijing Road Yuehaiyangzhong Hui Store. 天河城萬博 operates Teemall Wan Bo Store . The eight stores in aggregate have a total leased area of approximately 169,000 square metres. Baiyun New Town Store ceased operation in July 2016.

The Group's effective interest in 廣東永旺天河城商業有限公司 (Guangdong Aeon Teem Co., Ltd.*) ("GD Aeon Teem") is 26.65%. GD Aeon Teem is jointly invested by 廣東天河城百貨發展有限公司 (Guangdong Teemall Department Store Holdings Ltd.*), the Group's 76.13%-owned subsidiary, and a Japanese company.

* For identification purpose only