HK tycoon John Lau sues EmergeVest, demands $45m back from PE fund

HK tycoon John Lau sues EmergeVest, demands $45m back from PE fund

Hong Kong tycoon John Lau

Hong Kong tycoon John Lau is suing a buyout fund managed by private equity firm EmergeVest and its CEO over its portfolio company EV Cargo’s alleged plan to operate in Greater China, where it would be rivalling Lau’s own Cargo Services Group.

Edited by: Pramod Mathew

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