Is Han Hui Pharmaceutical a State-owned Enterprise or a Foreign Enterprise?

State-owned enterprises Han Hui Pharmaceutical Co., Ltd. is a joint venture between Zhejiang Haizheng Pharmaceutical Co., Ltd., a leading pharmaceutical company in China, and Gaoling Capital Group, one of the largest investment funds in Asia. Founded on 20 12, Zhejiang Haizheng Pharmaceutical Co., Ltd. is a state-owned enterprise. As of June 3, 2023, Han Hui Pharmaceutical has become a wholly-owned subsidiary of Haizheng Pharmaceutical, so Han Hui.