Core Businesses

Department Store Operation

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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 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 five stores have a total leased area of approximately 209,900 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