How did Yanao change from a state-owned enterprise to an individual?

1. Yan 'ao Electric was originally a subsidiary of CRRC Changchun, belonging to a collective enterprise.

2. Li Biao and others controlled Yanao Electric at a very low price, making it change from a state-owned enterprise to a private enterprise. This change marks the transfer of ownership and management rights of Yanao Electric, from the original public ownership to private ownership. The above information summarizes the process of Yan 'ao Electric's transformation into an individual enterprise. Yan 'ao Electric Co., Ltd. was established on June 27th, 1986 atNo. Zhongyan Road 1999, Lvyuan Economic Development Zone, Changchun City, and its legal representative is Li Biao. The business scope includes the sales of rail transit special equipment, key systems and parts; Manufacturing of high-speed rail equipment and accessories; Sales of high-speed rail equipment and accessories; Intelligent control system integration; Electronic special equipment manufacturing; Sales of electronic special equipment; Retail of electronic components; Development of communication signal system of rail transit: manufacturing of railway vehicle parts; Professional design services; Industrial engineering design services; Technical service, technical development, technical consultation, technical exchange, technology transfer and technology popularization; Manufacturing of transmission and distribution and control equipment; Intelligent transmission and distribution and control equipment sales; Lighting appliance manufacturing; Lighting equipment sales; Mechanical and electrical equipment manufacturing; Mechanical and electrical equipment sales; Information consulting services (excluding licensed information consulting services); Engage in investment activities with its own funds; Railway vehicle maintenance; Import and export of goods;