The MTR Corporation has sold HK$18.8 billion (US$2.4 billion) in green bonds, the largest and the company’s first public bond issuance in the Hong Kong dollar market, in its latest efforts to diversify funding sources for a string of projects. The rail giant said on Wednesday that it sold five-year, 10-year and 30-year bonds, with…
The net profit of Hong Kong’s MTR Corporation dropped by 6.9 per cent to HK$14.68 billion (US$1.88 billion) last year, from HK$15.77 billion in 2024, as higher depreciation costs and weaker revenue from the rail giant’s mainland China operations weighed on earnings. The company recorded a property development profit of HK$11.08 billion last year, up…
The MTR Corporation has promoted managing director Jeny Yeung Mei-chun to CEO from January next year and tasked her with leading the Hong Kong rail giant through a transformation. The corporation, which is nearly 75 per cent owned by the Hong Kong government, said on Wednesday that Yeung would succeed CEO Jacob Kam Chak-pui on…