Why did Hong Kelong change his name to CR Vanguard?

Acquired by CR Vanguard Company. Honker Long changed its name to CR Vanguard mainly because it was acquired by CR Vanguard. 20 1 1 On July 29th, CR Vanguard announced that it would acquire 0/00% equity of Jiangxi honker Long Department Store Investment Co., Ltd. for 3.69 billion yuan, and honker Longhou was renamed CR Vanguard. CR Vanguard is an excellent retail chain enterprise group under China Resources, a state-owned holding enterprise directly under the central government and a Fortune 500 enterprise. The welfare is generous, and employees pay five insurances and one gold, including commission, bonus, holiday, overtime expenses and accommodation.