Is Federal Pharmaceutical Inner Mongolia Co., Ltd. a state-owned enterprise?

The establishment of Federated Pharmaceutical Inner Mongolia Co., Ltd., which is not one of the six pharmaceutical bases of Federated Pharmaceutical Group, is another masterpiece of Mr. Cai, the chairman of Federated Pharmaceutical International Holdings Co., Ltd., who responded to the call of the party and the state to invest in the western development of China. It is a private enterprise and an indispensable part of the overall development strategy of the federal pharmaceutical industry. Therefore, Federal Pharmaceutical Inner Mongolia Co., Ltd. is not a state-owned enterprise. State-owned enterprises refer to the unincorporated economic organizations whose assets are owned by the state and registered in accordance with the Regulations of People's Republic of China (PRC) Municipality on the Administration of Enterprise Legal Person Registration.