Hong Kong’s Honour Lane Shipping Said to Mull $500 Million Sale

Honour Lane Shipping Ltd., a Hong Kong-based freight forwarder, is weighing a sale of the business that could fetch about $500 million, people with knowledge of the matter said.

The family-owned company is working with BDA Partners, a boutique investment bank, on the divestment, said the people, asking not to be identified as the information is private. Honour Lane has drawn preliminary interest from buyout firms and industry players, and it’s called for binding bids in the next couple of weeks, the people said.

Deliberations are ongoing, and the company could decide against a sale, said the people. ...