Orient Overseas (International) (HK:0316) has released an update.
Don't Miss our Black Friday Offers:
- Unlock your investing potential with TipRanks Premium - Now At 40% OFF!
- Make smarter investments with weekly expert stock picks from the Smart Investor Newsletter
Orient Overseas (International) Limited, through its subsidiary, has agreed to acquire a 20% equity stake in COSCO SHIPPING Ports (Tianjin) Limited for a total consideration of approximately $49.29 million. The deal, which involves both shares and loan interests, is considered a connected transaction due to COSCO SHIPPING Ports being a subsidiary of the company’s indirect majority shareholder. While the acquisition is still subject to certain conditions, investors are advised to exercise caution when trading company securities.
For further insights into HK:0316 stock, check out TipRanks’ Stock Analysis page.
