Exclusive: DB World’s Bid for Cargo Services Far East Set to Boost Its Presence in Asia

DB World, a prominent port operator in Asia, is on the verge of acquiring Cargo Services Far East from John Lau, a well-known Hong Kong businessman. This move is expected to significantly expand DB World’s presence in the region. Sources familiar with the matter have confirmed that the two companies are currently working together to finalize the deal details, with an official announcement expected shortly. The acquisition is estimated to be worth between 300 to 400 million dollars, depending on the assets involved.

Cargo Services Far East was founded in 1989 by John Lau and has since expanded its operations globally. The company offers a range of logistics services including sea freight, merchandise, and cold chain logistics. With headquarters in Hong Kong and offices throughout China, the UK, South Africa, the US, and Singapore, Cargo Services Far East has become a major player in the global logistics industry. While neither Cargo Services Far East nor DB World have yet commented on the potential acquisition, sources suggest that it could be a significant deal for both companies.