News Sharing
For sharing news, please enter the email address of you and the receiver, then press SEND button.*Mandatory Fields
Receiver*
Enter email addresses, separated by semicolon (;). E.g. a@a.com;b@b.com
Your email address*
 Content Sharing
Minibus Owners Reportedly Called Loans/ Towed away Cars; HKTBA Says No Such Incident
The licence price of Hong Kong's public light buses (minibuses) dropped drastically. A social media page of the industry recently posted an article saying that a local bank too...
Reset
Send
The window will close in 5 seconds
Minibus Owners Reportedly Called Loans/ Towed away Cars; HKTBA Says No Such Incident
Close
Recommend
3
Positive
2
Negative
3
 
SHORT SELL
 
STOCK INFO

The licence price of Hong Kong's public light buses (minibuses) dropped drastically.

A social media page of the industry recently posted an article saying that a local bank took action against minibus owners who did not repay loans of $4 million to $5 million, by issuing a letter to call loan and even seize the minibuses.

The Hong Kong Taxi and Public Light Bus Association (HKTBA) issued a statement today (21st). Regarding to recent reports saying that minibuses were being towed away as a result of bank calling loan, the Association said that there was no such incident after understanding and analyzing the incident.

The minibuses were towed away only because certain owners failed to make contributions. The Association appealed to members that their taxis and minibuses would not be towed away as long as they were punctual in making contributions.

AAStocks Financial News
Copyright(C) AASTOCKS.com Limited 2000. All rights reserved.
Disclaimer: AASTOCKS.com Ltd, HKEx Information Services Limited, its holding companies and/or any subsidiaries of such holding companies endeavour to ensure the accuracy and reliability of the Information provided but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omissions.