Kejian, which once released China's first indigenous mobile phone, has been increasingly far away from its original track. After experiencing several unsuccessful reorganizations, it has again welcomed a new partner for reorganization. This time around, its label will be tagged with poultry. The latest announcement by *ST Kejian said that it plans to inject high-quality assets of Beijing Capital Agribusiness Group Co., Ltd. through a private placement. Upon the completion of the targeted issuance, Capital Agribusiness Group will become the largest shareholder of the company.According to the announcement, the two parties signed the "Reorganization Intention Agreement" on April 16th. The reorganization and injection assets provided by Capital Agribusiness Group are the breeding, farming and processing assets of chickens, ducks and other poultry owned by its subordinate Huadu Group; the main operating entity is Beijing Jinxing Duck Industry Co., Ltd. Although the scope and asset form of the reorganization injection assets will be specifically agreed upon by the reorganization agreement, the net asset valuation of the injected assets will be no less than 2 billion yuan.Kejian belongs to the Chinese Academy of Sciences and is the first high-tech listed company on the Shenzhen Stock Exchange. It was initially remembered in 1998 when the first indigenous brand mobile phone KGH-2000 was born in Zhongkejian, breaking the monopoly of foreign brands in the Chinese mobile phone market, and the company once ranked among the top domestic mobile phone brands. However, since 2004, during the first low point of domestic mobile phones, Kejian quickly declined, and its main business almost came to a standstill. Since then, it has been seeking asset restructuring to gain rebirth, and in October 2011, *ST Kejian fell into bankruptcy reorganization.Regarding this reorganization, *ST Kejian stated that unless there are serious defects in the assets of Capital Agribusiness Group, and substantive situations that lead to the disapproval of this reorganization exist, the company may not replace the identity of Capital Agribusiness Group and other issuees as the reorganization party. Capital Agribusiness Group also guarantees that the ownership of the reorganized injection assets is clear, the quality is good, the growth is good, and the future profitability is strong. However, whether this reorganization can succeed is still unknown. It is understood that *ST Kejian has been continuously losing money in 2011 and 2012, and the company's net assets are negative. If it cannot escape the loss trap this year, it may face the risk of being suspended from listing.