Dubai's DP World nears acquisition of Cargo Services Far East Ltd. from Hong Kong tycoon John Lau for $300M-$400M, expanding presence in Asia.

Dubai's DP World is nearing a deal to acquire Cargo Services Far East Ltd. from Hong Kong tycoon John Lau, with the potential value between $300M to $400M. This acquisition aims to expand DP World's presence in Asia and aligns with their global expansion strategy. Cargo Services Far East, founded by Lau in 1989, operates businesses in ocean and freight shipping, cold chain logistics, and fashion distribution.