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Orient Overseas (International) ( (HK:0316) ) has provided an update.
Orient Overseas (International) Limited has entered into a Lending Service Master Agreement with COSCO SHIPPING Holdings, effective from January 1, 2026, to December 31, 2028. This agreement involves the OOIL Ex-PRC Group providing lending services to the CSH Ex-PRC Group. The transaction is classified as a continuing connected transaction under the Listing Rules, requiring reporting and annual review but exempt from circular and independent shareholders’ approval. The terms of the agreement ensure that interest rates are more favorable than those offered by independent third-party banks, aligning with market rates and fairness principles.
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, primarily involved in providing shipping and logistics services. It operates under the stock code 316 and is connected to COSCO SHIPPING Holdings, which indirectly controls more than 50% of its issued share capital.
Average Trading Volume: 1,054,905
Technical Sentiment Signal: Strong Buy
Current Market Cap: HK$88.09B
Learn more about 0316 stock on TipRanks’ Stock Analysis page.