Will Longjitai and the bankrupt government take over?

Yes. Since the end of 2021, news of the company's imminent declaration of bankruptcy has spread like wildfire. Later, it finally sold 95% of its property company's shares to Baoding Urban Construction Investment Group State-owned Enterprise Co., Ltd. Longji Taihe Industrial Co., Ltd. was established in 1995 and rose to prominence. At the beginning of the new century, it was a large enterprise group leading the real estate development and construction industries.