The Relationship between Shimao Real Estate and Jianfa Real Estate

It's okay. Shimao Group is an international and comprehensive large-scale investment group. After nearly 30 years of development, it owns three listed companies in Hong Kong and Shanghai, namely Shimao Real Estate, Shimao Shares and Shimao Services. Shimao Real Estate has nothing to do with Jianfa Real Estate. Xiamen Jianfa Group Co., Ltd. is a state-owned enterprise in Xiamen, formerly known as Xiamen Construction and Development Company, founded in 1980. After more than 40 years of continuous innovation and reform, Jianfa has developed into a large-scale industrial investment enterprise group with a registered capital of 6.75 billion yuan, total assets of over 650 billion yuan and annual operating income of over 700 billion yuan in Fujian Province.