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The Relationship between China Tobacco and Shandong General Group
These two relationships are subordinate.
General Tobacco Group Co., Ltd. is a wholly-owned subsidiary of Shandong China Tobacco Industry Corporation. It owns a number of holding and shareholding companies in economy, trade, investment, paper, redrying, flavors and fragrances, finance, real estate, hotels and so on. It is a large-scale tobacco diversified enterprise group with cigarette matching material processing, real estate development and property management as its core industries.
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