As many as a third of laundry companies serving corporate clients in Hong Kong could shut down due to soaring fuel costs, an industry leader has warned, with some operators forced to reject new orders and freeze hiring. Industry representatives said on Monday the price of industrial diesel, commonly known as “red diesel”, surged from about HK$6 (80 US cents) per litre in late February to as high as HK$17.50 in early April, an increase of more than 190 per cent. The sharp rise has sharply raised...