Traditional Culture Encyclopedia - Hotel franchise - Is Chengdu Minshan Hotel a state-owned enterprise?

Is Chengdu Minshan Hotel a state-owned enterprise?

Based on relevant information query, it shows: No. On December 29, 2003, Sichuan Minshan Investment Co., Ltd. and the Sichuan Provincial Department of Finance signed a state-owned equity transfer agreement. The former obtained the property rights of Minshan Hotel 100 at a transfer price of 35 million yuan. This move indicates that all state-owned capital will withdraw from the hotel and Minshan Hotel will be privatized.