Guangdong Investment Limited (the "Company"), formerly known as Union Globe Development Limited ("Union Globe"), was incorporated in 1973 and obtained its listing status on the stock market in Hong Kong in the same year. In January 1987, an enterprise owned by the Guangdong provincial government acquired a majority stake in Union Globe and changed its name to Guangdong Investment Limited in July 1988. The Company (stock code: 0270) is currently listed on the Main Board of The Stock Exchange of Hong Kong Limited and is a constituent stock of the Hang Seng China (Hong Kong-listed) 100 Index, Hang Seng China-Affiliated Corporations Index and 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 approximately 56.49% shareholding interest in the Company through its wholly owned subsidiary, GDH Limited.
The Group’s core businesses include water resources, property investment and development, department store operation, hotel ownership, operation and management and infrastructure (energy projects and road and bridge operation).
The water resources business mainly covers natural water supply, tap water supply, sewage 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. The tap water supply business mainly consists of the Wuzhou Water Supply Project, the Meizhou Water Supply Project and the Danzhou Water Supply Project. The sewage treatment business includes the Meizhou Sewage Project, the Wuzhou Sewage Project and the Jinsheng Sewage Project.
The property investment and development business mainly consists of the Guangdong Teem Project, the Tianjin Teem Project and the Panyu Wanbo CBD project.
Department store operation business includes the Guangdong Teemall Department Store, Teemall Wanbo Department Store and the Tianjin Teem Department Store.
With regard to hotel ownership, operation and management business, the Group owns five 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 over 30 hotels in Hong Kong, Macau and Mainland China.
Investments in other infrastructure projects comprise energy projects and road and bridge business. The energy projects mainly consist of the Zhongshan Power Project and the Yudean Jinghai Power Project. The Zhongshan Power Project has two 300 MW heat and power generation units with a total installed capacity of 600 MW. The Yudean Jinghai Power Project (of which the Group holds a 25% effective interest) has four electric power generation units with a total installed capacity of 3,200 MW. The road and bridge business is conducted under the Xingliu Expressway Project which comprises a main line of approximately 100 km in length and three connection lines (to Xingye, Guigang and Hengxian) with an aggregate length of approximately 53 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 Company holds approximately 73.82% of the issued share capital of Guangdong Land Holdings Limited (“GD Land”). For details of the business of GD Land, please refer to GD Land’s website (http://www.gdland.com.hk).