Is Han Hui Pharmaceutical a State-owned Enterprise or a Foreign Enterprise?

Han Hui Pharmaceutical is a state-owned enterprise. According to the information of official website of the State Administration for Industry and Commerce, the company's capital is all funded by the state and owned by state-owned enterprises. It is a legally established organization engaged in production and business activities and belongs to state-owned enterprises. Han Hui pharmaceutical co., ltd was established on 20 12. Initially, as Haizheng Pfizer Pharmaceutical Co., Ltd., it was established by Zhejiang Haizheng Pharmaceutical Co., Ltd. and Pfizer. With the development of the enterprise, Pfizer withdrew from the joint venture company on 20 17 and transferred its equity to Gao Yan Capital. Subsequently, Haizheng Pharmaceutical acquired Han Hui Pharmaceutical held by Gao Yan Capital in 2020.