Yes.

Agree with the second floor.

If you don’t understand, it’s easy to talk nonsense!

What does it mean to be taken over by the state?

The explanation on the first floor is correct, but that is not Xinhua’s situation!

Because of Xinhua's excellent asset structure and rapid development, Central Huijin purchased Xinhua's shares at a premium.

The Insurance Guarantee Fund purchased 38% of Xinhua's shares for 2.8 billion in 2007, but after holding it for only two years, the price was transferred to Huijin for 4 billion.

Earned 1.2 billion in just two years!

Does such a company need to be taken over?

That's called "state holding"!

The answer from the first floor was quite professional.