Date
16 October 2018

Macau govt takes over Reolian bus operations, paper says

The Macau government will take over operations of ailing Reolian Public Transport Co., Ltd, which provides about 40 percent of the city’s bus services and filed for bankruptcy on Tuesday, Macao Daily reported Thursday, citing a government statement. The government will take over Reolian’s operations, but not its assets, for six months while it works to resolve the company’s problems. Bus services will continue over the period and the transport bureau will pay the employees’ salaries, the report said.

– Contact HKEJ at [email protected]

MY/AC/SK

 

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