Is Shanghai Liangyou Group a state-owned enterprise?

Shanghai Liangyou Group is the largest state-owned enterprise group engaged in grain management in Shanghai. Shanghai Liangyou Group is the largest enterprise group engaged in grain management in Shanghai, with more than 20 wholly-owned, holding and shareholding companies. The business scope covers grain and oil processing, warehousing and logistics, convenience chain, grain and oil trade, import and export business, industrial investment and so on. In 2006, Liangyou Group ranked 354th among the top 500 enterprises in China, 19 1 among the top 500 manufacturing enterprises in China, 2nd among the food processing and manufacturing industries in China and 33rd among the top 500 enterprises in Shanghai. The Group has a number of large-scale grain, oil and food deep-processing enterprises with advanced technology and management, well-known brands such as Shihai, Le Hui, Xueque, Dewey and Mitian, the largest grain and oil storage and logistics facilities in Shanghai, and a convenient chain sales network of "good friends and gold partners" which has developed to more than 700 stores.