Handelen Guangdong Investment Limited - 0270 CFD

Guangdong Investment Limited engages in water resources, infrastructure, property investment and development, department store, and hotel businesses. It operates through seven segments: Water Resources, Property Investment and Development, Department Store, Electric Power Generation, Hotel Operation and Management, Road and Bridge, and Others. The Water Resources segment provides water distribution and sewage treatment services in Mainland China and Hong Kong. The Property Investment and Development segment invests in various properties, such as shopping malls, office buildings, and hotels in Hong Kong and Mainland China; and engages in the development of properties in Mainland China. This segment also provides property management services for various commercial properties. The Department Stores segment operates department stores in Mainland China. The Electric Power Generation segment operates coal-fired power plants that supply electricity and steam in the Guangdong province, Mainland China. The Hotel Operation and Management segment operates hotels and manages third parties hotels in Hong Kong and Mainland China. As of December 31, 2017, this segment managed 32 hotels, including 2 in Hong Kong, 1 in Macau, and 29 in Mainland China. It also invests in various road and bridge projects; and provides treasury services in Hong Kong and Mainland China, as well as corporate services. The company was formerly known as Union Globe Development Limited and changed its name to Guangdong Investment Limited in January 1987. The company was incorporated in 1973 and is based in Central, Hong Kong. Guangdong Investment Limited is a subsidiary of GDH Limited.