Quamnet.com stock news
Privacy issues become the recent hot issue. Firstly, the HKSAR Government announced the appointment of former Postmaster General Allan Chiang as Privacy Commissioner; after that, Octopus Holdings has sold out the 1.97 million members’ personal information to its business partners since 2006, making the profit of HKD 44 million.
Octopus Holdings sell members’ information for profits may not be the right way. However, it cannot be denied that the smart card businesses run by Octopus are a profitable business. According the Octopus’s website, the major shareholders of the company are MTR (66) MTR CORPORATION(66).
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