The Group held an effective interest of approximately 85.1% 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 the Teemall store in Teem Plaza and Teemall store – Beijing road branch ("Ming Sheng store") and 天河城萬博 operates the 天河城百貨歐萊斯折扣店 ("Wan Bo store"). The 3 stores in aggregate have a leased area of approximately 62,100 square metres (2008: 61,900 square metres).

The Teemall store sells a wide range of products, including many famous brand-name products, and is ranked, in terms of sales, as one of the major department stores in Guangzhou.

The Wan Bo store operates as an outlet mall selling brand name products at substantial discount.

廣東吉之島天貿百貨有限公司 (Guangdong Jusco Teem Stores Co., Ltd.) ("JUSCO Teem") is a 26.6% associate of the Group. JUSCO Teem is jointly invested by 廣東天河城（集團）股份有限公司 (Guangdong Teem (Holdings) Limited), the Group's 76%-owned subsidiary, and JUSCO Japan.