Is Shandong Expressway Luqiao Group a state-owned enterprise?

It is a state-owned enterprise. According to Aicha, Shandong Expressway Group Co., Ltd. was established in 1997. The registration authority is Shandong Market Supervision Administration, which is mainly engaged in the construction and management of expressway, bridges, railways, ports and airports. And the State-owned Assets Supervision and Administration Commission of Shandong Provincial People's Government holds 70%, Shandong Guo Hui Investment Holding Group Co., Ltd. holds 20%, and Shandong Caixin Asset Operation Co., Ltd. holds 10%. Therefore, Shandong Expressway Luqiao Group is a state-owned enterprise.