--- title: "KONKA GROUP's controlling shareholder is planning significant matters" type: "News" locale: "en" url: "https://longbridge.com/en/news/235026421.md" description: "According to the Zhitong Finance APP, KONKA GROUP announced that on April 8, 2025, the company received a notice from its controlling shareholder, Overseas Chinese Town Group Co., Ltd. (\"OCT Group\"): to promote specialized integration among central enterprises and optimize resource allocation, it is proposed that other central enterprise groups implement specialized integration for the company, and relevant procedures will be carried out in accordance with the law. This integration may lead to a change in the company's controlling shareholder, but will not result in a change of the actual controller, which will still be the State-owned Assets Supervision and Administration Commission of the State Council" datetime: "2025-04-08T12:28:02.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/235026421.md) - [en](https://longbridge.com/en/news/235026421.md) - [zh-HK](https://longbridge.com/zh-HK/news/235026421.md) generator: "portal-rs" --- # KONKA GROUP's controlling shareholder is planning significant matters According to the announcement from Zhitong Finance APP, KONKA GROUP (000016.SZ) announced that on April 8, 2025, the company received a notification from its controlling shareholder, Overseas Chinese Town Group Co., Ltd. ("OCT Group"): to promote professional integration among central enterprises and optimize resource allocation, it is proposed that other central enterprise groups implement professional integration for the company, and relevant procedures will be carried out in accordance with the law. This integration may lead to a change in the company's controlling shareholder, but will not result in a change in the actual controller, which will still be the State-owned Assets Supervision and Administration Commission of the State Council ### Related Stocks - [000016.CN](https://longbridge.com/en/quote/000016.CN.md) ## Related News & Research - [What to know about respiratory vaccine recommendations](https://longbridge.com/en/news/297966606.md) - [Xiaomi builds dealer network for German market entry](https://longbridge.com/en/news/298020009.md) - [RISE Robotics Awarded $100,000 MassVentures Grant to Accelerate Commercialization of Beltdraulic Technology](https://longbridge.com/en/news/297642626.md) - [Xiaomi sets September 7 launch for 18 Fold foldable phone](https://longbridge.com/en/news/297748864.md) - [XPENG Sales Up 4% in August](https://longbridge.com/en/news/297713940.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**