joint venture founded hong kong 2005 headquarters hong kong key people sunny cheung yiu tong ceo products octopus card website http www.octopus.com.hk octopus holdings limited chinese is a holding company based in hong kong jointly owned by five major transport companies in the city . its subsidiaries which are all wholly owned operate the various functions of the octopus card in both its commercial and non commercial usage . in 2006 the company gained international recognition by winning the chairman s award of the world information technology and services alliance s 2006 global it excellence award for the octopus card system . 1 contents 1 company restructure 2 subsidiaries 3 shareholding 4 personal data controversy 5 references 6 external links company restructure edit prompted by the business expansion of the octopus card octopus holdings limited was formed in 2005 after a company restructure of octopus card operator octopus cards limited . 2 3 the octopus card is used by card holders as an electronic payment system and as such the octopus card system is considered a commercial business and is regulated by the hong kong monetary authority . 2 the non commercial businesses of the company such as the consumer rewards program consumer market research and investment holdings on the other hand are not subjected to such regulations . the company restructure placed octopus cards limited as a subsidiary of octopus holdings limited while the non payment businesses of the company were placed under other subsidiaries such that its payment businesses are independent of its non payment businesses . additionally octopus holdings limited has also expanded the use of the octopus card system internationally operating its businesses outside hong kong under a subsidiary . 2 subsidiaries edit there are five wholly owned subsidiaries of octopus holdings limited . 2 octopus cards limited operates the octopus card in hong kong as an electronic payment system . octopus rewards limited operates and develops octopus rewards a consumer rewards programme for octopus card customers . 4 octopus international projects limited provides international consultancy services for automatic fare collection systems . octopus investments limited is an investment holding company . octopus china investments limited is an investment holding company for china related projects . shareholding edit as of 2007 octopus holdings limited is a joint venture business owned by five transport companies in hong kong ; 54.4 % by the mtr corporation 22.1 % by the kowloon canton railway corporation 12.4 % by kowloon motor bus 5 % by citybus and 3.1 % by new world first bus . 5 since the government of hong kong owns 76.8 % of the mtr corporation as of 31 december 2009 and wholly owns the kowloon canton railway corporation 6 7 it is the biggest effective shareholder of octopus holdings limited . personal data controversy edit see also octopus cards limited controversy over use of personal data chief executive prudence chan was under pressure to resign for having made inconsistent disclosures about the sale of personal data by one or more octopus subsidiaries . before a legislative council s finance affairs panel meeting legislators from all parties accused her of attempting to mislead the public thus precipitating a crisis of confidence in the company and putting the company into disrepute . 8 references edit witsa announces 2006 global it excellence award winners doc . world information technology and services alliance . 2006 05 04 . retrieved 2007 07 12 . a b c d our corporate structure . octopus holdings limited . retrieved 2009 12 02 . operation of the octopus card in hong kong pdf . hong kong sar legislative council secretariat . retrieved 2007 07 12 . octopus rewards limited official website . octopus rewards limited . retrieved 2007 07 12 . the joint venture of five major transport operators . octopus holdings limited . retrieved 2007 07 12 . investors information . mtr corporation . retrieved 2010 02 03 . history . kowloon canton railway corporation . archived from the original on 2007 06 06 . retrieved 2007 07 12 . tsang phyllis 28 july 2010 . it s a four letter word prudence q u i t south china morning post external links edit official website of octopus holdings limited retrieved from https en.wikipedia.org w index.php title octopus holdings limited & oldid 736783849 categories companies of hong kongholding companies established in 2005hidden categories pages using infobox company with unsupported parametersarticles containing traditional chinese language text navigation menu personal tools not logged intalkcontributionscreate accountlog in namespaces article talk variants views read edit view history more search navigation main pagecontentsfeatured contentcurrent eventsrandom articledonate to wikipediawikipedia store interaction helpabout wikipediacommunity portalrecent changescontact page tools what links hererelated changesupload filespecial pagespermanent linkpage informationwikidata itemcite this page print export create a bookdownload as pdfprintable version languages add links this page was last modified on 29 august 2016 at 20 37 . text is available under the creative commons attribution sharealike license ; 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