Core Businesses

Department Store Operation

Department Stores Operations

The Group holds an effective interest of approximately 85.2% in both 廣東粤海天河城商業有限公司 (GDH Teem Commercial Co., Ltd.*) ("GDTDS") and 廣州市粤海天河城百貨商業有限公司 ("天河城百貨商業"). GDTDS operates Teemall Store in Teem Plaza. GDTDS also operates Teemall Store – Beijing Road Branch (Ming Sheng Store), 奧體歐萊斯名牌折扣店 (Ao Ti Store), 東圃百貨店 (Dong Pu Store) and 花都店 (Hua Du Store). 天河城百貨商業 operates 天河城百貨歐萊斯折扣店 (Wan Bo Store). The six stores have a total leased area of approximately 222,400 square metres.

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