Is Luxing Real Estate Co., Ltd. a state-owned enterprise?

Not a state-owned enterprise. According to the enterprise survey, Jining Luxing Real Estate Development Co., Ltd. is not a state-owned enterprise, but a joint venture between China and Hong Kong. The largest shareholder is Hong Kong Mutual Standard Co., Ltd., with a shareholding ratio of 45%. The company has ten functional departments and five subsidiaries, and owns 25% shares of Jining Sihe Heating Co., Ltd.