Its subsidiaries, which are all wholly owned, operate the various functions of the Octopus card in both its commercial and non-commercial usage.
[1] In January 2021, Bravo Transport, parent company of operators Citybus and New World First Bus, sold most of its stake in Octopus Holdings Limited to MTR Corporation, and the small remainder to another company.
[3] As of 2007, Octopus Holdings Limited is a joint-venture business owned by five transport companies in Hong Kong; 57.4% 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.
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.