OOCL refutes acquisition rumours

Orient Overseas (International) Limited (OOIL) has refuted recent global media reports noting that there may be a potential bid for the company’s subsidiary, Orient Overseas Container Line (OOCL) by other shipping companies.

“The company wishes to clarify that it is not aware of, nor is it involved in any bid relating to the company or OOCL. Shareholders and potential investors of the company should exercise caution when dealing in the shares of the company,” according to a short statement by OOCL.