Will Ningxia Baofeng be acquired by National Energy?

No, according to the enterprise query, Feng Energy Group Co., Ltd. was established on 20 15. As of June 25, 2023, the expansion funds of Baofeng in Ningxia could not keep up, the development speed fluctuated greatly, and the management norms still needed to be improved. Not eligible to be acquired by national energy, and will not be acquired.