Oriental Ginza Holdings Limited was incorporated in Bermuda with limited liability and its shares are listed and traded on the main board [stock code: 00996] of The Stock Exchange of Hong Kong Limited. The Group's principal activities include (i) property investment, (ii) retail-related consultancy and management services and (iii) research and development, manufacturing and sale of high clean unleaded gasoline and diesel.
During the year 2010, the Group has completed several property transactions with a view to diversifying its property investments into different provinces in the PRC, capturing the gain on its then existing property investments and thereby maximizing the potential return from its properties. In particular, the Group has completed acquisitions of certain properties in Shengyang and portions of Taipingyang Plaza in Chonqqing and disposed of certain properties in Beijing, Oriental Kenzo Plaza and JingGang City Plaza, in 2010.
Apart from searching for investment opportunities in the property market, in 2011 the Group has explored new business opportunities in order to expand its business variety by acquiring subsidiaries principally engaged in the research and development, manufacturing and sale of high clean unleaded gasoline and diesel in Xuzhou and Yancheng. The Company is optimistic that the prospects of the gasoline industry in the PRC are promising and possess a considerable potential growth in view of the rapid urbanization of the PRC.
As part of its business plan and investment strategy, the Group will continues to identify and consider good property investment and/or development and to explore and evaluate new businesses and investment opportunities which could be of good potential and/or long-term benefit to the Group and the Company's shareholder.
updated 24th August, 2011
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