The Groups is principally engaged in the operation of hypermarkets and supermarkets in the PRC. It offers a wide range of merchandises to customers, which can be broadly divided into three principal categories, namely, fresh food and delicatessen, groceries and household supplies, and general household products and merchandise.
As at 31 August 2009, it operated 64 stores including 52 hypermarkets and 12 supermarkets with a total gross floor area of approximately 883,378 square meters.
The compulsory acquisition of the Outstanding Shares was completed on 24 May
2010 when all the Outstanding Shares, were transferred to Lotte Hong Kong. As a
result of, and with effect from, the completion of the compulsory acquisition,
Times Ltd. has become a wholly-owned subsidiary of Lotte Hong Kong.
18 Harcourt Road,Room 1808, 18/F Tower II, Admiralty Center