Yes, there are many relevant news reports showing that it is true. Muyang Holding Company, established by Muyang Group with an investment of 1.3 billion yuan, became "Fengshang Company". Even the original Muyang trademark was transferred to a Yangzhou Hemu supply chain management company that was just established in 2016 with a registered capital of only 10,000 yuan. /a6833631756097159693/?channel=amp; source=search_tab