Is the perfect direct selling company a state-owned enterprise or a foreign enterprise?

foreign enterprises/companies

Guangdong Zhongshan Perfect Commodity Co., Ltd., invested and founded by Malaysia Perfect Resources Co., Ltd., was formally established on 1994; 1998 became one of the ten foreign direct selling enterprises approved by China for franchise transformation. It has three perfect foreign operating institutions, 19 domestic branches and more than 2,000 specialty stores, and its products are exported to foreign markets such as Thailand, Malaysia, Singapore and Indonesia. Now it has become a modern enterprise integrating scientific research, development, production, sales and service, and is famous for producing health food, personal care products, household products and beauty and skin care products.