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COSCO Shipping Jointly acquired 24.87 billion acquisition of OOCL

Publis date:2017-07-10

    On July 9, 2017, COSCO Shipping,  Shanghai International Port Group Co., Ltd. and OOCL jointly announced that COSCO Holdings and Shanghai Port Group will issue HK $ 78.67 per share to Orient Overseas to all shareholders Preferential condition of voluntary full cash offer. If the offer is accepted by the book and the transaction is completed, COSCO will hold 90.1% stake in OOCL and the Group will hold 9.9%.
   At present, OOCL's controlling shareholder has made an irrevocable promise to accept the offer.
   CGY Congratulations to COSCO to complete this acquisition, we will as always support COSCO to expand its business and give the guests the best shipping price.
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