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An announcement from Orient Overseas (International) ( (HK:0316) ) is now available.
Orient Overseas (International) Limited announced a change in its shareholding structure, where Faulkner Global Holdings Limited, a subsidiary of COSCO SHIPPING Holdings (Hong Kong) Limited, has sold its shares to COSCO SHIPPING HK. This transaction results in COSCO SHIPPING HK holding approximately 71.07% of the company’s total issued shares, making it the direct controlling shareholder. The Hong Kong Securities and Futures Commission has granted a waiver for COSCO SHIPPING HK from making a general offer for the remaining shares, indicating a significant shift in the company’s ownership dynamics.
The most recent analyst rating on (HK:0316) stock is a Buy with a HK$146.00 price target. To see the full list of analyst forecasts on Orient Overseas (International) stock, see the HK:0316 Stock Forecast page.
More about Orient Overseas (International)
Orient Overseas (International) Limited is a company incorporated in Bermuda with limited liability. It operates in the shipping industry, primarily focusing on international container transport and logistics services. The company is listed on the Hong Kong Stock Exchange.
Average Trading Volume: 1,054,905
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$88.09B
For a thorough assessment of 0316 stock, go to TipRanks’ Stock Analysis page.