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Is Xuzhou Aka Control Valve Co., Ltd. a state-owned enterprise?

No Xuzhou Aka Control Valve Co., Ltd. is a Sino-foreign joint venture specializing in the production of instrument control valves established by Xuzhou Chemical Machinery Co., Ltd. (formerly the state-owned Xuzhou Chemical Machinery General Factory) and Germany Aka Control Valve Co., Ltd. in Xuzhou, Jiangsu, China on 1995. The registered capital is 30 million yuan, with 72.5% of Chinese shares and 27.5% of German shares.