Hong Kong tycoon toys with the idea of selling $1 billion-worth of logistics assets
Hong Kong tycoon John Lau Shek Yau is considering selling more than $1bn in logistics assets. The assets include Cargo Services Far East, a mjority stake in CN Logistics International, the latter of which saw its stock has slide 4.4% this year, valuing it at around US$282 million. Founded in 1989 by Lau, Cargo Services…