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Infrastructure firm NWS Holdings has agreed to sell one of Hong Kong’s largest franchised bus operations – Citybus and New World First Bus – for HK$3.2 billion (US$410.2 million) last week. Our Stella Law commented in her HKEJ's column that the offer price is reasonable. The acquisition can be seen as creating a win-win business model through the integration of resources like develop real-time arrival information an advertising via mobile app.




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