Hans Group’s Citybus to Acquire 20 Wrightbus Electric Double-Deckers for HKD 69.80 Million

Bulletin Express05-19

Hans Group Holdings Limited (Hans Group) reported that its 65.49%-owned* bus operator Citybus Limited signed a supply agreement on 19 May 2026 with Wrightbus (Hong Kong) Limited to purchase 20 units of 12-metre StreetDeck Electroliner electric double-deck buses. The total consideration is HKD 69.80 million, classifying the deal as a disclosable transaction under Chapter 14 of the Hong Kong Listing Rules, with applicable percentage ratios exceeding 5% but below 25%.

The purchase price will be settled in four cash instalments: 10% within 90 business days of contract execution, 45% after chassis lay-down, 25% upon completion of body-build, and the remaining balance after the vehicles pass Citybus’s quality control and motor-vehicle inspections. Delivery of all 20 buses is expected in 2027, and Citybus retains the right to place additional orders at the same unit price within 12 months of the contract date.

Hans Group stated the acquisition supports service quality, fleet readiness, and future expansion of its public-transport operations in Hong Kong. Wrightbus (Hong Kong) secured the contract through an open tender that considered technical specifications, qualitative factors, and price competitiveness. Wrightbus (Hong Kong) is an independent subsidiary of Bamford Bus Company Limited, headquartered in Northern Ireland.

*Ownership percentage inferred from “non-wholly owned subsidiary” status; the exact stake is not disclosed in the announcement.

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