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Kowloon Motor Bus Signs HKD500M 3-Year Loan with BOC Hong Kong (02388.HK) to Purchase Electric Buses
Kowloon Motor Bus and BOC Hong Kong (02388.HK) announced that they have signed a three-year HKD500 million bilateral loan agreement, of which HKD200 million is a green loan. The pr...
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Kowloon Motor Bus Signs HKD500M 3-Year Loan with BOC Hong Kong (02388.HK) to Purchase Electric Buses
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Kowloon Motor Bus and BOC Hong Kong (02388.HK)  -0.060 (-0.130%)    Short selling $66.52M; Ratio 15.274%   announced that they have signed a three-year HKD500 million bilateral loan agreement, of which HKD200 million is a green loan. The proceeds will be used to finance or refinance expenditures for the purchase of electric buses. The green loan has obtained an independent second-party opinion issued by the Hong Kong Quality Assurance Agency and complies with the Hong Kong Taxonomy for Sustainable Finance (Phase 2A)  standards related to public transportation.

Currently, Kowloon Motor Bus operates the largest electric bus fleet in Hong Kong, with more than 80 vehicles deployed on busy urban routes and in new development areas to serve the public. The fleet has accumulated total mileage exceeding 8 million kilometers, reducing carbon emissions by more than 11,000 tonnes of carbon dioxide equivalent, which is equivalent to the annual per capita emissions of over 2,500 residents. (ha/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-15 16:25.)

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