Is Dayuan Group a state-owned enterprise or a private enterprise?

Cangzhou Dayuan Group is not a state-owned enterprise, but a state-owned enterprise established in 1952, Cangzhou No.1 Construction Engineering Company. However, 1995 completed the restructuring and was established as a group company in 2005.

At present, the company is promoting the non-public offering of shares to acquire Global Starlight. Based on the needs of the strategic transformation of the company, in order to make the company name more suitable for the development of the main business after the transformation, the full name of the company has been changed to "Shangying Global Co., Ltd.".