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State owned enterprise From Wikipedia, the free encyclopedia
Overseas Chinese Town Enterprises Co. is a Chinese state-owned enterprise, supervised by the State-owned Assets Supervision and Administration Commission of the State Council. Overseas Chinese Town Enterprises is the parent company of publicly traded companies Overseas Chinese Town Limited (SZSE: 000069), Overseas Chinese Town (Asia) (SEHK: 3366, a subsidiary of Overseas Chinese Town Company) and Konka Group (SZSE: 000016). It is engaged in cross-sector and cross-industry operation.
OCT Group | |
Company type | State-owned enterprise |
Industry | Tourism and Culture |
Founded | 1985 |
Headquarters | , China |
Area served | China |
Revenue | 110,348,810,000 renminbi (2018) |
Owner | State Council of China (100%) |
Parent | SASAC of the State Council |
Subsidiaries |
|
Website | www |
Footnotes / references in a consolidated basis; equity and profit excluded minority interests; in Chinese Accounting Standards[1] |
Overseas Chinese Town Enterprises Co. | |||||||||||
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Simplified Chinese | 华侨城集团公司 | ||||||||||
Traditional Chinese | 華僑城集團公司 | ||||||||||
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The company was founded on 1985 and is headquartered in Shenzhen, China. Since 1985, the company has fostered three leading major businesses in China, which are tourism and related cultural industry, real estate, hotel development, and manufacture of electronic products. As the listed subsidiary, OCT A provides a platform for capital operation of OCT group.[citation needed]
The company is well known for its nationally famous brands, including six Happy Valley amusement parks,[2] Konka Group, Splendid China Folk Village, Window of the World, OCT East, OCT Grand Hotel, Venice Hotel, OCT Harbour and so on.[3]
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