Orient Overseas (International) Limited

Orient Overseas (International) Limited (OOIL) (SEHK316) is an investment holding company which involves in international transportation and logistics, and property investment and property development.[1] It is the parent company of Orient Overseas Container Line (OOCL), one of the world's Largest container shipping companies.[2]

Orient Overseas (International) Limited
Listed company
IndustryShipping and Logistics
Founded1969
FounderMr. Tung Chao Yung
HeadquartersHong Kong (Principal Office)
Bermuda (Registered Office)
Key people
Chairman: Mr. Tung Chee-chen
SubsidiariesOrient Overseas Container Line
Websitewww.ooilgroup.com

OOIL was founded in 1969 in Hong Kong by Mr. Tung Chao Yung. After Tung Chao Yung's death in 1982, Mr. Tung Chee-hwa, his elder son, succeeded to be the chairman of OOIL. In 1996, Mr. Tung Chee-chen, Tung Chao Yung's younger son and Tung Chee Wah's younger brother, took over the chairman position since Tung Chee Wah's election as Chief Executive of Hong Kong.[3]

In July 2017, OOIL received a $6.3 billion take over bid from its Chinese rival, COSCO. The bid has been accepted subject to shareholder and regulatory approval.[4]

See alsoEdit

ReferencesEdit

  1. ^ Orient Overseas (International) Limited Archived 2008-06-28 at the Wayback Machine
  2. ^ C. C. Tung Officially Opened OOCL House, Levington, UK. Archived 2009-04-27 at the Wayback Machine
  3. ^ OOCL History
  4. ^ "China shipping firm Cosco to buy HK rival OOIL for $6.3bn". BBC News. Retrieved 10 July 2017.

External linksEdit