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Relationship between Jiushi Group and Shenneng Group
The two are in a holding relationship.
Shenneng Group is one of the shareholders of Shanghai Jiushi Group Co., Ltd., which is a local state-owned enterprise and state-owned investment holding company in Shanghai. Shenneng Group indirectly controls Jiushi Group by holding shares in Shanghai Jiushi Group Co., Ltd., and Jiushi Group and Shenneng Group are related in energy trading and related services, investment management and property management.
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