Does Shanghai Panhe belong to Shanghai Nuoding?

Shanghai Panhe does not belong to Shanghai Nuoding. Shanghai Panhe is a company specializing in real estate development, sales and property management. Established in 1993 and headquartered in Jing 'an District, Shanghai. Shanghai Panhe's business includes the development and sales of real estate projects such as residential, commercial and office buildings, as well as property management services. Shanghai Nuoding is a transportation planning, design and consulting service company, established in 2002 and headquartered in Changning District, Shanghai. Shanghai Nuoding's business includes urban traffic planning, urban traffic design, urban traffic consulting and other fields.