Why did Yipin Bio become a state-owned enterprise?

Acquired by Xinghu Technology. According to the Oriental Fortune Network, Xinghu Technology acquired Yipin Bio, and Yipin Bio became a state-controlled mixed-ownership enterprise. Ningxia Yipin Biotechnology Co., Ltd. was established in 1999. Its main products are sugar substitute sweeteners, food ingredients, erythritol and sucralose.