Is Asia Pacific Sembo a state-owned enterprise or a private enterprise?

This enterprise is a Sino-foreign joint venture.

Asia Pacific Sembo, a subsidiary of Singapore Golden Eagle Group, is the world's leading vertically integrated enterprise of pulp, paper and pulp fiber. In Guangdong, Shandong and other places to invest in factories, the main products are chemical wood pulp, dissolved pulp, liquid packaging cardboard, cigarette cards, food cards, social cards, cultural paper, etc., and the products are exported to the world.

Asia Pacific Senbo Shandong Pulp and Paper Co., Ltd. is the largest foreign-invested enterprise in Shandong Province, with a total investment of 22.6 billion yuan, including more than 5 billion yuan for environmental protection. It is one of the top ten enterprises in China paper industry and a model enterprise of social responsibility in China. On August 22, 2005, Asia Pacific Resources International Holdings Limited, a subsidiary of Singapore Golden Eagle International Group, completed the acquisition of 90% equity of Shandong Rizhao Senbo Pulp and Paper Co., Ltd.