Has the reorganization of King Huaxing been completed?

The reorganization of the group has been completed.

On July 19, 2023, the newly established Huaxing Group was officially unveiled, marking the complete success of the strategic reorganization of Shandong Dawang Group and China Huaxing Group.

The strategic reorganization of Huaxing Group and Shandong Dawang Group is a model of strong alliance between China's automobile aftermarket industry and manufacturing industry. The two sides will take this reorganization as an opportunity to further integrate resources, optimize the industrial structure, enhance the core competitiveness of enterprises, and make contributions to the high-quality development of the automotive aftermarket industry and manufacturing industry in China. Source: Tik Tok.