China’s COSCO Shipping offers $6.3 billion for Orient Overseas Ltd

Jul 9, 2017 | Bad Credit Loans, Bank Lending, Business Lending, Business Loans, Capital, Economics, Finance, Non-Bank Loans, Working Capital

BEIJING (Reuters) – China’s COSCO Shipping Holdings Co Ltd said on Sunday it offered to buy smaller competitor Orient Overseas International Ltd (OOIL) for HK$49.23 billion ($6.30 billion).