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Is Ningbo Milk Group a state-owned enterprise?
The group is not a state-owned enterprise.
Ningbo Milk Group is not a state-owned enterprise. Ningbo Milk Group, formerly known as Ningbo Milk Company, is an enterprise owned by the whole people. Since 2000, Ningbo Milk Company has been transformed from a state-owned enterprise into a private enterprise. Ningbo Milk Group was established in 1963, with 2,000 employees, and its chairman is Zhang Yinchong.
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