The Privatization of Government-Owned Enterprises Act Article 3

The term "government-owned enterprise" as used in this Act shall refer to the following enterprises:1. Any enterprise either solely owned by any government or jointly operated by governments at various levels;2. Any enterprise jointly invested in and operated by the government and private individuals where the capital of the government exceeds 50%;3. Any enterprise jointly invested in by the government and government-owned enterprises of the preceding two subparagraphs, or by government-owned enterprises of the preceding two subparagraphs, where the aggregate invested capital exceeds 50% of the capital of the invested enterprise.
中文原文 公營事業移轉民營條例第3條
本條例所稱公營事業,指下列各款之事業:
一、各級政府獨資或合營者。
二、政府與人民合資經營,且政府資本超過百分之五十者。
三、政府與前二款公營事業或前二款公營事業投資於其他事業,其投資之資本合計超過該投資事業資本百分之五十者。

English translation for reference only; the Chinese text prevails. Not legal advice.