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Orient Overseas (International) ( (HK:0316) ) has issued an announcement.
Orient Overseas (International) Limited has announced the signing of new master agreements with COSCO SHIPPING, effective from January 1, 2026, to December 31, 2028. These agreements cover various services, including business, bunker, terminal, equipment procurement, and vessel services, as well as financial services with COSCO SHIPPING Finance. The transactions under these agreements are classified as continuing connected transactions, with some requiring independent shareholders’ approval due to their scale. This strategic move is expected to strengthen the company’s operational framework and maintain its competitive positioning in the shipping industry.
The most recent analyst rating on (HK:0316) stock is a Buy with a HK$179.00 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 engaged in the shipping industry. It operates with a focus on providing comprehensive shipping services, including vessel operations and logistics, under the influence of its major shareholder, COSCO SHIPPING.
Average Trading Volume: 1,180,410
Technical Sentiment Signal: Buy
Current Market Cap: HK$94.63B
See more insights into 0316 stock on TipRanks’ Stock Analysis page.