Magnificent Estates Limited is an investment holding company and provides management services to its subsidiaries. The Company operates in three segments: Hospitality services, Property investment, and Securities investment and trading Property development. The subsidiaries of the Company include Babenna Limited; which is engaged in investment holding, Beautiful Sky Investment Limited; which involves property development, City Wealth Limited; which is engaged in property investment; Magnificent International Hotel Limited; which is engaged in hotel investment and operation, Himson Enterprises Limited; which is engaged in property development, and New Champion Developments Limited; which is engaged in vessel leasing.