Other Business

Our Group plays a positive role in diversification of investment. In 2020, the Group, Templewater (an international private equity fund) and Ascendal (operation of UK public transport) jointly acquired Bravo Transport Services Limited (“Bravo Transport”) which is principally engaged in the provision of public bus and travel related services in Hong Kong, through operating 2 main franchised bus companies, namely New World First Bus Services Limited and Citybus Limited.

In December 2021, the Group announced to propose further acquisition of 7% shareholding in Bravo Transport. In March 2022, the Group completed the acquisition of Bravo Transport, in which 15.56% of the shares in Bravo Transport held by the Group. In July 2024, the Group completed the acquisition of 54.44% of shares in Bravo Transport and obtained a controlling stake by holding 70% of the shares

In the future, the Group will keep looking for potential investment opportunities, achieving better operating results and greater profitability.