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Re:Chinese Companies Are Buying Up Cash-Strapped U.S. Colleges by hangonhn on Wednesday March 21, 2018 @12:51PM (#16639936)
No it wasn't but neither is it in this case:

"After spinning off the steel business and adding schools, it changed Jiangsu Zhongtai’s name to Beijing Kaiwen in January."

They got rid of their steel business, went into education, and change its name to reflect that.

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