China Overseas Grand Oceans Group Ltd and its subsidiaries are engaged in the business of property investment and development, property leasing and investment holding. The Company operates in three business segments: Property investment and development, which constructs commercial and residential properties for external customers; Property leasing, which leases commercial units located in the People鈥檚 Republic of China, part of the business is carried out through a jointly controlled entity, and Other segment, which provides management services to certain housing estate in the People鈥檚 Republic of China and generates management fee income. The Company鈥檚 subsidiaries include China Overseas Grand Oceans Property Group Company Limited, Jodrell Investments Limited, Terborley Limited, Moonstar Development Limited, Pandue Investments Limited, Qiangfa Holdings Limited, Jet Pacific Investment Limited and Han Yan Limited.