Is Panda Dairy Group a state-owned enterprise?

Yes According to the inquiry, Panda Dairy was once controlled by Zhejiang Cereals and Oils, a state-owned holding company. Panda Dairy Group Co., Ltd. (hereinafter referred to as "Panda Dairy") was established in 1995, mainly engaged in the production and sales of concentrated dairy products, and was listed on the New Third Board in May of 20 15.