Has Weihai Construction Engineering Group been acquired by the state?

The group has not been bought by the government.

Weihai Construction Group, as an important enterprise in Weihai, has been committed to innovative development in the fields of architecture, real estate development and municipal engineering construction for many years. The company has rich industry experience and technical strength, and has made positive contributions to China's urban construction and economic development. In recent years, with the intensification of market competition, rumors about the acquisition of Weihai Construction Group have appeared from time to time.