State-owned China COSCO Shipping is leading a consortium to buy Hong Kong-based shipping company Orient Overseas International, a family business of former Chief Executive Tung Chee-hwa.
July 10, 2017 at 04:45 PM
1 minute read
The original version of this story was published on International
Paul Hastings and Slaughter and May have the lead roles on the $6.3 billion acquisition of Hong Kong-based shipping company Orient Overseas International Ltd. by a Chinese state-owned consortium led by China COSCO Shipping.
Shanghai-based COSCO has teamed up with Shanghai International Port Group on its bid to acquire all shares of Hong Kong-listed Orient Overseas at $10.07 apiece.
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