NWS Holdings
In the past, Citybus was owned by British company Stagecoach Group. In 2003 Chow Tai Fook Enterprises, via a wholly owned subsidiary Delta Pearl Limited, acquired the bus company for HK$1,646 million, plus the refurbishment of Citybus' debt to the third parties, amounted HK$554 million. But in 2004, the ownership was transferred to NWS Transport Services, a joint venture between listed portion (NWS Holdings) and unlisted portion of Chow Tai Fook Enterprises group. NWS Transport Services also owned New World First Bus and New World First Ferry. In December 2016, NWS Holdings acquired the other 50% shares of NWS Transport Services from the parent company Chow Tai Fook Enterprises, floating indirectly the bus businesses in the stock exchange. The price was HK$1.38 billion.