Traditional Culture Encyclopedia - Hotel accommodation - Why is JAL Changshu a state-owned enterprise?

Why is JAL Changshu a state-owned enterprise?

It is invested and controlled by Changshu SASAC. Changshu Kuncheng JAL Hotel Management Co., Ltd. is a five-star business hotel invested and built by Changshu Kuncheng Development Co., Ltd., a state-owned holding company directly under the State-owned Assets Supervision and Administration Commission of Changshu, and operated and managed by Okura Hotel Management Company of Japan. Because it is invested and controlled by Changshu SASAC, it is a state-owned enterprise.