Changsheng Group underwent a major reorganization.
Li Changsheng's identity had been confirmed; he was the real Snake Head of the Nine Headed Snake in Dong Chu Province.
With this confirmation, all of Li Family's assets were confiscated to the state treasury.
Shares of Li Family's Changsheng Group were also nationalized.
As a result, Changsheng Group underwent a rare transformation from a private enterprise to a semi-state-owned enterprise. Why? Because the state owned 51% of the shares.
The state would only control the basic direction of the enterprise and not participate in the specific management.
The chairman of Changsheng Group was appointed to be Lei Xiaojun, the second largest shareholder.
The CEO role was taken by Ding Lizhong, the third largest shareholder.
