Is Cocodara Angel Yeast Co., Ltd. a state-owned enterprise?

Yes By viewing the profile information of Cocodara Angel Yeast Company, this company is a wholly-owned subsidiary of Angel Group, established in 1986 and headquartered in Yichang, Hubei. It is a national key high-tech enterprise, the second largest yeast company in the world and a state-owned holding enterprise. Therefore, Cocodara Angel Yeast Co., Ltd. is a state-owned enterprise. State-owned enterprises are enterprises that the government can exercise effective direct or indirect control, and enterprises with commercial or non-commercial purposes can be defined as state-owned enterprises.