What is the situation of Bikang in Xinyi, Jiangsu?

Substantive merger and reorganization. ST Bikang 0 yuan transferred its holding subsidiary, Beimeng Logistics, and announced that Xinyi Bikang, the controlling shareholder, would carry out substantial merger and reorganization with the company. *ST Bikang frequently received supervision letters for the above matters, and the reasons, feasibility and commercial rationality of the above equity transfer were questioned.