According to Sohu's query. Com, Lianyungang Xingxin Iron and Steel Co., Ltd. 20 19+00 was acquired by China Orient Asset Management Co., Ltd. After the acquisition, Xingxin Iron and Steel has changed in the ownership structure, corporate governance and business development. China Orient Asset Management Corporation became the largest shareholder of Xingxin Steel, holding 45% of the shares, and the legal representative of Xingxin Steel was also changed to Chen Yong.