Is it true that China Railway took over 49% of Evergrande?

On March 3 1 day, China Railway Construction said on the investor interaction platform that the company is a project company and belongs to the normal investment in the project development process.

China Railway Engineering Group Co., Ltd., referred to as "China Railway" for short, was established in March 1950 and its headquarters is in Beijing. It is a multi-functional super-large enterprise group integrating infrastructure construction, survey and design and consulting services, engineering equipment and parts manufacturing, real estate development, railway and highway investment and operation, mineral resources development, material trade and other businesses. It is also the largest multi-functional comprehensive construction group in China and even Asia, especially in the State Council.

Evergrande Real Estate Group Co., Ltd. was established in Guangzhou, Guangdong Province, China, 1997. It is a holding subsidiary of China Evergrande Group and the main body of the Group's real estate business. Evergrande Group is a fortune 500 enterprise group integrating real estate, finance, health, tourism and sports, with total assets reaching one trillion yuan, annual sales exceeding 400 billion yuan, over 80,000 employees and over 6,543,800+3,000 jobs.