Parent company of Citybus and New World First Bus mulls merging option
Details
30 July 2021
A merger of New World First Bus and Citybus may take place in the future to help the business of both companies to stay afloat amidst the pandemic, and in the fierce competition from MTR.
According to several media reports, Adam Leishman, CEO of Bravo Transport Services, who took over the two bus companies last October, said the company was considering different possibilities to keep business sustainable, including a merger of the two firms. He said that business has been in very challenging from a financial position but the company is committed to the long-term future in Hong Kong.