SPG Land (Holdings) Limited (SPG Land) is an investment holding company. SPG Land is a property developer that is principally engaged in the development of residential and hotel properties. Its subsidiaries are principally engaged in property development, property and hotel investment, property management and education. As of December 31, 2010, it had developed three projects in Shanghai: Cambridge Forest Newtown, Cambridge Waters (Tiffany) and Cambridge Watertown (Oriental Garden). The Company operates in four segments: sales of property, lease of property, property management and other related services, and education. It鈥檚 wholly owned direct subsidiaries include SPG Investment Ltd. and Delta Link Holdings Limited, which are engaged in investment holding. On January 29, 2010, SPG Land formed a joint venture company (JV Company) with Wuxi Investment Company. On 29 March 2010, it further acquired 50.1% equity interest of a project held by Hainan Tianyuan Lifeng Shiye Co., Ltd.