Is Hunan Wuhuan Group a state-owned enterprise?

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According to relevant data, Wuhuan Group is a wholly-owned subsidiary of Hunan Sports Industry Group, one of the five largest state-owned enterprises in Hunan Province, and it is the backbone enterprise of national stadium construction investment and operation management.

Hunan Wuhuan Sports Industry Development Group Co., Ltd. was incorporated in Hunan Administration for Industry and Commerce on July 2, 20 15.