Is Chaozhou Third Ring Road a state-owned enterprise or a private enterprise?

Chaozhou Third Ring Road is a private enterprise.

The establishment background and development course of Chaozhou Sanhuan (Group) Co., Ltd. reflect the attributes of its private enterprises. The company was originally the No.1 radio component factory in Chaozhou, 1989 was changed to the local state-owned Chaozhou wireless electric porcelain factory, 1992 implemented the shareholding system reform, and 1999 established Sanjiang Electronics Co., Ltd., which is controlled by Sanhuan Group. This series of changes shows that the Third Ring Road in Chaozhou has undergone a transformation from state-owned enterprises to joint-stock companies and then to private enterprises.