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Is Inner Mongolia Luqiao Group a state-owned enterprise or a private enterprise?
Inner Mongolia Luqiao Group is a state-owned enterprise. Inner Mongolia Luqiao Group Co., Ltd. is a state-owned enterprise. Inner Mongolia Road and Bridge Group Co., Ltd. (hereinafter referred to as "Road and Bridge Group") was established in 1952, formerly known as "Inner Mongolia Highway Engineering Bureau". In June 2006, it was transformed into a state-owned enterprise with the approval of the people's government of the autonomous region and became a wholly-owned subsidiary of Inner Mongolia High-grade Highway Construction and Development Co., Ltd. State-owned enterprises refer to wholly state-owned enterprises, wholly state-owned companies and state-owned capital holding companies that the State Council and local people's governments perform the responsibilities of investors on behalf of the country respectively, including enterprises at the same level supervised by the central and local state-owned assets supervision and administration institutions and enterprises whose investment has gradually formed.
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