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New owner considers merging operations of Hong Kong’s Citybus, New World First Bus after streamlining unified management team



 

The brand new proprietor of one among Hong Kong’s largest franchised bus teams is contemplating merging the operations of its two subsidiaries – Citybus and New World First Bus (NWFB) – amid heavy losses which have persevered regardless of a current fare enhance, the Put up has discovered.Nevertheless, as the 2 corporations are sure by the phrases and circumstances of three authorities franchises, a employees union stated any proposed merger would solely be potential in 2023 by discussions about renewing two of these agreements that expire…

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