News / Logistics tycoon John Lau sues EV Cargo founder over investment

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Hong Kong logistics tycoon John Lau Shek Yau has turned to the court to retrieve his $45.5m investment in EV Cornerstone’s EmergeVest Logistics Fund (ELF).

Mr Lau filed the writ against EV and its managing director Heath Zarin with the High Court of Hong Kong on 19 June, four months after announcing his planned divestment from EV Cargo.

“It does not make any commercial sense for me to continue with our investment in EV Cargo, whose ...