Is Rongcheng property listed on the backdoor?

Not exactly.

Usually shell companies change their names. Rongcheng products are not listed. Rongcheng property is not only a perfect combination of property development and honest management in Rongcheng and Tianjin, but also a fruitful result of the coordinated development of private economy and state-owned economy.

Backdoor listing means that the parent company obtains a certain degree of controlling right by injecting assets into listed companies with low market value, and uses its status as a listed company to list the assets of the parent company.