KWOK CHUNG TRANSPORT LIMITED 國松運輸有限公司
Who bought the 25 new taxi licences on Lantau?
HK Government, 19-Dec-2016
Each tenderer was only allowed to bid for 1 licence, so some groups used multiple companies - it appears that at least 5 licences were bought by Kwok Chung group and 3 by Chung Shing. The average price was HK$5.64m. Any premium demonstrates that there is unmet excess demand. People who wish to drive a vehicle for a living should not have to pay a premium to do so.
HK Government, 19-Dec-2016
Each tenderer was only allowed to bid for 1 licence, so some groups used multiple companies - it appears that at least 5 licences were bought by Kwok Chung group and 3 by Chung Shing. The average price was HK$5.64m. Any premium demonstrates that there is unmet excess demand. People who wish to drive a vehicle for a living should not have to pay a premium to do so.
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