Orient Overseas (International) Limited

Orient Overseas (International) Limited
Listed company
Industry Shipping and Logistics
Founded 1969
Founder Mr. Tung Chao Yung
Headquarters Hong Kong (Principal Office)
Bermuda (Registered Office)
Key people
 Chairman: Mr. Tung Chee-chen
Subsidiaries Orient Overseas Container Line
Website www.ooilgroup.com

Orient Overseas (International) Limited (OOIL) (SEHK: 316) 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 leading container transport and logistics service providers.[2]

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 also

References

  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.


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