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Is Guiyang Urban Development Investment Group Co., Ltd. a state-owned enterprise?

Yes Guiyang Urban Development Investment Group Co., Ltd. was established in June 2008. It is a state-owned joint-stock enterprise jointly sponsored by provinces and municipalities. The company is controlled by Guizhou Expressway Group Co., Ltd. and Guiyang is the shareholder. At the same time, it is managed by a county-level state-owned enterprise under Guiyang.