HONG KONG: Nan Yue Logistics, a top logistics and expressway service firm in South China's Guangdong Province, is planning to build 80 expressway service zones in the next 15 years to cash in on a road construction boom in the province.
Apart from service zones, Nan Yue is also eyeing the shuttle bus business.
The company intends to acquire other bus companies; it has already spent HK$136 million (US$17 million) of the money raised through its Hong Kong initial public offering in October on a 62 per cent stake of shuttle bus operator Guangdong-Hong Kong Motor.
"We don't rule out the possibility of further buying into other transportation companies," Lu said, adding that Nan Yue is now focused on consolidation of the newly acquired business.
He said the shuttle bus business between Hong Kong and Guangdong boasts high potential, as a rising number of mainlanders have been visiting Hong Kong since the opening of the Disneyland Theme Park