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. 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), 東莞第一國際百貨店 (Dongguan Store), 佛山南海百貨店 (Nanhai Store), 北京路粤海仰忠匯店 (Yuehaiyangzhong Hui Store) and 天津天河城百貨店 (Tianjin Teem Store, opened in June 2017). 天河城萬博 operates 天河城百貨歐萊斯折扣店 (Wan Bo Store). The nine stores have a total leased area of approximately 183,400 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