News / Cosco acquisition of OOCL still faces “a degree of uncertainty”

© Pindiyath100

Cosco Shipping Holdings resumed trading on the Shanghai Stock Exchange (SSE) today, more than two months after its shares were suspended on the bourse.

The move brings an end to speculation that Cosco had another carrier target on its radar, after it announced plans to scoop up OOIL’s OOCL earlier this month.

Nevertheless, there remains some uncertainty that the OOIL transaction will overcome all the regulatory hurdles. The SSE issued a letter of enquiry on 18 July requiring clarification on two specific points ...