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Why does Tianjin SASAC want to control Tian Fang Group?
The reasons for this are as follows:
Tian Fang Group, namely Tianjin Real Estate Group Co., Ltd., was formed by the integration and reorganization of Tian Fang Group and Fang Xin Group, large real estate state-owned enterprises in Tianjin, July 20 14. Known as "the main force of urban construction, the national team of real estate development, and the vanguard of improving people's livelihood".
In the course of more than 30 years' development and growth, the Group has successively supported the construction of large-scale residential areas such as Sports Institute North and Wangdingdi 14, as well as major landmark projects in cities such as diverting Luanhe River into Tianjin, Tianjin Railway Station and Tianta Tower.
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