Why does Foshan Construction Investment have so many companies?

Foshan Construction Investment has so many companies because Foshan Construction Investment is a wholly-owned secondary subsidiary of Foshan Construction Development Group Co., Ltd., a municipal first-level state-owned enterprise managed by Foshan State-owned Assets Supervision and Administration Commission. big. Foshan Jiantou Urban Development Co., Ltd. (referred to as Jiantou Urban Development Company) was formerly known as Foshan Jiantou Real Estate Development Co., Ltd. It was established in April 2017 with a registered capital of RMB 50 million. It is a municipal-owned enterprise managed by the Foshan State-owned Assets Supervision and Administration Commission. A wholly-owned secondary subsidiary of Foshan Construction and Development Group Co., Ltd., a first-level state-owned enterprise, is the vice-president unit of Foshan Real Estate Industry Association and the vice-president unit of the first council of Foshan Urban Renewal Association. It owns real estate development Enterprise level two qualification, participating in the development and construction of urban public facilities and key projects such as super-large residential complexes, commercial complexes, pastoral complexes, and characteristic towns. It is committed to beautifying the urban environment and improving the city's image, and leading industrial transformation through urban upgrading. , improve the industrial chain by gathering talents, drive industrial development with cultural inheritance, and promote the in-depth integrated development of "industry, city and humanities". Therefore, Jiantou Urban Development Company has 14 internal centers/departments, 16 subsidiaries, and currently has about 200 employees.