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The China Cosco/OOCL saga is officially over – or is it?


On the stock market, the price of OOIL today hovers around HK$72 (US$9.2), after peaking at a multi-year high of HK$75 when the news hit the wires.

OOIL share price, source Financial Times

Its current level is 8.4% below the value of the joint offer put forward by Cosco and Shanghai International Port Group (SIPG), which means investors do not think a counter bid – let alone a bidding war – ...

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