Controlling Shareholder
Ultimate controlling shareholder—OCT Group
OCT Group is a large enterprise group which has received high recognitions in contemporary city development and operation.
Founded in 1985, OCT Group is directly managed by the State-owned Assets Supervision and Administration Commission of the State Council(SASAC). Over the last 30 years, OCT Group, a pioneer in promoting the concept of sustainability and internationalization, as well as humanities in city development and operation, has been combining resources and elements of business, entertainment, tourism, art, environmental protection, education and medical care with its city development schemes, developing and operating various city centers in 17 first-and-second-tier cities with customized functions. By adopting a mode of development which stresses sustainability and modern services, OCT Group has differentiated itself from traditional property developers and is honored as the “Best Brand of Comprehensive Development of Modern Service Industry” in China.
Controlling shareholder –Shenzhen OCT Co., Ltd
Shenzhen OCT Co., Ltd. (Stock code: 000069.SZ) was founded on September 2, 1997, and its stock was listed on the Shenzhen Stock Exchange in the same year. The company was established by OCT Group with its exclusive initiation. As at the end of 2013, the total assets of Shenzhen OCT Co., Ltd amounted to approximately RMB 77.9 billion and its net assets amounted to approximately RMB 23.9 billion. At present OCT Group holds 56.90% of its shares.
Shenzhen OCT Co., Ltd. owns a series of well-known brands, namely Splendid China, Window of the World, Happy Valley Chain, Shenzhen OCT East, OCT Grand Hotel, Venice Hotel, City Inn, Huali Companies and has become a leading developer and operation corporation of modern service industry with core business in culture and tourism.