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Another deal run through a Chengdu partnership appears to make a project based investment into a relatively new real estate firm Topchain, in an industry dominated by established firms in China, partnering with a previously unknown Hong Kong based BHR named shell company BHR Win Aura.  
 
Another deal run through a Chengdu partnership appears to make a project based investment into a relatively new real estate firm Topchain, in an industry dominated by established firms in China, partnering with a previously unknown Hong Kong based BHR named shell company BHR Win Aura.  
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Topchain at the group level is linked closely to local government SOEs in key cities like Shenzhen and Guangzhou.
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Topchain at the group level is linked closely to local government SOEs in key cities like Shenzhen and [[Guangzhou]].
    
Other partnerships that move through Jiangxi shell companies either list no outward investment or list outward investments in partnerships in bonded port zones that offer investment incentives but no known assets within the partnerships
 
Other partnerships that move through Jiangxi shell companies either list no outward investment or list outward investments in partnerships in bonded port zones that offer investment incentives but no known assets within the partnerships
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