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Will Laiwu Taihe Biochemical become a state-owned enterprise?

It is a state-owned enterprise. Official website of Laiwu Taihe Biochemical Co., Ltd. shows that by April 18, 2023, Laiwu Taihe Biochemical Co., Ltd. is not going to be a state-owned enterprise, but already a state-owned enterprise. Laiwu Taihe Biochemical Co., Ltd. was established in May 2003, located in Laiwu High-tech Zone, Jinan City. Its main products include citric acid monohydrate, anhydrous citric acid, sodium citrate and anhydrous sodium citrate.