Is CFMOTO owned by KTM?

Excuse me, could you please clarify a matter regarding the ownership structure of CFMOTO? I've been hearing rumors that CFMOTO, a renowned manufacturer of motorcycles and power equipment, might be owned by KTM, another well-known motorcycle brand. However, I'm not entirely sure if these rumors are true. Could you possibly shed some light on this matter? Is CFMOTO indeed owned by KTM, or are they separate entities? Your insight would be greatly appreciated as I'm trying to understand the corporate landscape in this particular industry. Thank you for your time and assistance.