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Is Maoming Ethylene Plant a State-owned enterprise?
No Maoming Ethylene Industry Group Co., Ltd. was established on1October 27th1997. The company type is limited liability company (state-owned holding). State-owned holding is an enterprise that is not completely owned by the state. According to the share of equity, it belongs to the state, and the equity is above 50% (excluding 50%), which is somewhat different from the state-owned enterprises owning all assets.
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