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Is Nanjing Daming Group a state-owned enterprise?

No, Nanjing Daming Cultural Industry Co., Ltd. was established in 2007 with a registered capital of RMB 6,654,380,000. Four state-owned shareholders, MCC Real Estate Group Co., Ltd., Nanjing Cultural Investment Holding Group Co., Ltd., Nanjing Nanbu New Town Development and Construction (Group) Co., Ltd. and Nanjing Landscape Construction Comprehensive Development Company (Qinhuai District Government), contributed to undertake the construction, operation and management of Jinling Huji Ruins Park and its supporting construction projects.