Is Shandong Guo Bang Pharmaceutical a state-owned enterprise?

No Shandong Guo Bang Pharmaceutical Co., Ltd. is located in Weifang Binhai Economic and Technological Development Zone, Shandong Province, covering an area of 300 mu, with a registered capital of 78 million yuan and a total investment of 450 million yuan. Mainly engaged in world-class special chemicals. It is a wholly-owned subsidiary and private enterprise invested by Guo Bang Pharmaceutical and Chemical Industry Group Co., Ltd. in Shandong.