Is Shandong Lvliang Group a state-owned enterprise?

It is a state-owned enterprise. Shandong Lvliang Group is a state-owned enterprise, which is directly managed and controlled by China Municipal Government. It is funded by the state or controlled by state-owned assets, and its ownership, management and profit distribution are governed and constrained by relevant state laws and regulations. Shandong Lvliang Group, formerly known as Shandong Grain Bureau, was established in 1953. 200 1 approved by the State Council, it was restructured into Shandong Lvliang group co., ltd, which became a large enterprise group in Shandong province and joined the list of shareholders of China state-owned capital investment and operation co., ltd.