HongKong

New owner of Hong Kong’s Citybus and New World First Bus weighs merger as losses mount




The new owner of one of Hong Kong’s largest franchised bus groups has admitted it is considering a merger of Citybus and New World First Bus (NWFB) in a bid to keep business afloat amid heavy losses during the Covid-19 pandemic.Speaking openly for the first time on Thursday, Adam Leishman, CEO of Bravo Transport Services, the new company that runs the two bus firms, said the firm was examining all possibilities to keep business sustainable, including a possible merger of the two firms,…



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