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Is Yantai Shiwan Real Estate Development Co., Ltd. a subsidiary of Vanke?

No. According to Aiqi, the shareholders of Yantai Shiwan Real Estate Development Co., Ltd. are Yantai Nanyao Real Estate Development Co., Ltd. and Yantai Wan Yu Enterprise Management Consulting Co., Ltd. Although the controlling party of Yantai Wan Yu Enterprise Management Consulting Co., Ltd. is Yantai Vanke Enterprise Co., Ltd., Yantai Nanyao Real Estate Co., Ltd. holds 70% and Yantai Wan Yu Enterprise Management Consulting Co., Ltd. holds 30%. Therefore, the controlling party of Yantai Shiwan Real Estate Development Co., Ltd. is Yantai Nanyao Real Estate Co., Ltd., therefore, Yantai Shiwan Real Estate Development Co.,