Is Ningbo Municipal Engineering Construction Group a state-owned enterprise?

Yes Ningbo Municipal Engineering Construction Group is a joint-stock enterprise established by Ningbo Municipal Engineering Corporation through the restructuring of state-owned enterprises. It is a wholly-owned subsidiary of Ningbo Construction Engineering Co., Ltd., a listed company, so it is not a state-owned enterprise. The enterprise was established in 1985, located in Ningbo City, Zhejiang Province, and mainly engaged in civil engineering construction.