Is Guangdong Daye Group a state-owned enterprise?

Guangdong Daye Group is a state-owned enterprise. Daye Special Steel is a joint-stock private enterprise with the background of state-owned enterprises. Hubei Xinye Iron and Steel Co., Ltd., the major shareholder of Daye Special Steel, is a limited liability company (a joint venture between Taiwan, Hong Kong, Macao and China). Daye Special Steel Co., Ltd. (referred to as Daye Special Steel) is located in Huangshi City, Hubei Province. 1In May, 1993, Hubei Provincial Commission for Economic Restructuring approved Daye Iron and Steel Plant as the main sponsor, and Dongfeng Motor Company and Xiangyang Automobile Bearing Co., Ltd. as the main production and operation entities to establish Daye Special Steel Co., Ltd. by directional fundraising. 1In March, 1997, Daye Special Steel A shares were listed on Shenzhen Stock Exchange.