Cargo Services 'plan divestiture from EV Cargo'

PRESS RELEASE 

Cargo Services plan divestiture from EV Cargo

HONG KONG, 20 FEBRUARY 2023 – Cargo Services Group (“Cargo Services”), a leading supply chain total solution service provider, and JL Enterprises Holdings Limited (“JL Enterprises”), a family office that invests in freight forwarding and logistics sector, jointly announced today that they plan to divest completely from their investments in EV Cargo Holdings Limited (“EV Cargo”), a logistics firm and a portfolio company managed by the private ...