Is Guande Petroleum a state-owned enterprise?

No, according to official website, the capital of the State Administration for Industry and Commerce and the company 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 does not belong to state-owned enterprises. Shenzhen Guande Petrochemical Co., Ltd. is the parent company of Guande Petroleum. It was established on June 65438+1October 65438+September 2006, and its legal representative is Yang Yuanming. Guande Petroleum started its retail business in 2006. It is a private oil enterprise with the qualification of wholesale, retail and chain operation approved by Guangdong provincial government.