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What's the relationship between Changchen and Machine Tool Works?

affiliation. Founded in 29, Changchen Group is a residential and commercial real estate company. In 213, the group acquired the former Shandong Yishui Machine Tool Factory and transformed it into Shandong Yishui Machine Tool Factory Co., Ltd.. Shandong Yishui Machine Tool Factory Co., Ltd. is a branch of Changchen Group, so Changchen is subordinate to Machine Tool Factory. Changchen Group is located in Xujiahu Town, Yishui County, Linyi City.