--- 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 - [Money Managers Turn Bullish On China Despite Mounting Economic Woes](https://longbridge.com/en/news/296554795.md) - [CLSA: US Treasury Interest Expenses Surge, Emerging Market Fund Flows Shift to Taiwan, S Korea and India](https://longbridge.com/en/news/296582942.md) - [Bond yields are climbing. Here’s what that means for mortgages and other consumer borrowing](https://longbridge.com/en/news/296255832.md) - [US health agencies report 55 cases of E. coli and salmonella infections tied to alfalfa sprouts](https://longbridge.com/en/news/296645342.md) - [CDC lifts beneficial stake in Exosens to 11.71% of capital, 13.87% of voting rights](https://longbridge.com/en/news/296499698.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**