New World First Bus, owner of Hong Kong’s Citybus, is selling 27-year stake in Octopus Holdings amid the spreading fifth wave of coronavirus

New World First Bus, owner of Hong Kong’s Citybus, is selling 27-year stake in Octopus Holdings amid the spreading fifth wave of coronavirus




The new owner of troubled Hong Kong bus franchises Citybus and New World First Bus has sold its 27-year stake in contactless payments company Octopus Holdings, the majority shareholder of the smart card company, rail giant MTR Corporation. The remaining 600,000 shares of Octopus will be sold to another company. The company said Monday that the fifth wave of the coronavirus…

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The new owner of troubled Hong Kong bus franchises Citybus and New World First Bus has sold its 27-year stake in contactless payments company Octopus Holdings, the majority shareholder of the smart card company, rail giant MTR Corporation. The remaining 600,000 shares of Octopus will be sold to another company. The company said Monday that the fifth wave of the coronavirus…

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