I want to know the nature of Luoyang Baikete Friction Material Co., Ltd.? Private, joint venture, limited stock system?

I work for Baxter. The company is registered as a Sino-German joint venture, but it is actually a private enterprise. Foreigners only issue relevant documents to help register as a joint venture. Actually, it has nothing to do with the company To put it simply, I bought the name of a Sino-German joint venture with money.