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Three dedicated bus companies have applied for fare increases. The government will carefully review the fare increase applications.
The Transport and Logistics Bureau submitted documents to the Legislative Council Transportation Affairs Committee yesterday (18th). KMB applied for a 6.5% fare increase, Citybus applied for a 9.5% fare increase, and New Lantao Bus applied for a 6.5% fare increase. The government stated that according to the Public Bus Services Ordinance, the Chief Executive and the Executive Council evaluate the relevant considerations for bus fare increase applications, including changes in operating costs and revenue since the last fare adjustment; future cost, revenue, and return forecasts; the reasonable rate of return required by the franchisees; the public's acceptance and affordability; service quality and quantity; and pricing adjustments that may be made.
Kwoon Chung Bus to Review Interim Results and Dividend
Kwoon Chung Bus (00306.HK) held a board of directors meeting on November 27 to approve the publication of the interim results.
Glory 11月14日, kwoon chung bus (00306.HK) announced that the board of directors' meeting will be held on November 27, 2024 (Wednesday) at 8 3rd floor, Cheung Fat Road, Hong Kong. The meeting will approve the publication of the unaudited interim performance announcement for the six months ended September 30, 2024. It is expected that a decision will be made to recommend the distribution of interim dividends (if any).
KWOON CHUNG BUS: NOTIFICATION OF BOARD MEETING
Kwoon Chung Bus Acquires Prime Hong Kong Property
Guan Zhong Bus (00306.HK) spends 75.9 million to purchase properties in Kwai Chung for office use.
Kwoon Chung Bus (00306.HK) announced that on September 27, an indirect wholly-owned subsidiary entered into a temporary agreement to purchase a property for office use, at a price of 75.9 million yuan. The property is located on the 22nd floor of Block 2, Wing Tat Commercial Building, 88 Container Port Road, Kwai Chung, with a total floor area of approximately 23,721 square feet, industrial/office property. The Group currently leases the property as its office in Hong Kong. The directors intend to use the property as the main operating office of the Group in Hong Kong.
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