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After Tung Chao Yung's death in 1982, [[Tung Chee-hwa]], his elder son, succeeded to be the chairman of Orient Overseas.
After Tung Chao Yung's death in 1982, [[Tung Chee-hwa]], his elder son, succeeded to be the chairman of Orient Overseas.


In February 1986, Orient Overseas (known in the news article as {{zh|t=東方海外實業}} or just {{zh|t=東方海外}}) submitted a plan to the creditors for re-structuring the group of companies, including the formation of a business unit [[Orient Overseas Container Line]].<ref>{{cite news|script-title=zh:東方海外重組計劃現已提呈予債權人|date=13 February 1986|page=15|newspaper=Wah Kiu Yat Po|language=zh-hk|location=Hong Kong|via=Hong Kong Public Libraries [https://mmis.hkpl.gov.hk/ MMIS]}}</ref> In October, [[Crédit Commercial de France]] cancelled the pledge on liquidate Orient Overseas.<ref>{{cite news|script-title=zh:法國商業與東方海外達成協議同意撤銷對東方海外清盤申請|date=14 October 1986|page=17|newspaper=Wah Kiu Yat Po|language=zh-hk|location=Hong Kong|via=Hong Kong Public Libraries MMIS}}</ref>
In February 1986, Orient Overseas submitted a plan to the creditors for re-structuring the group of companies, including the formation of a business unit [[Orient Overseas Container Line]].<ref>{{cite news|script-title=zh:東方海外重組計劃現已提呈予債權人|date=13 February 1986|page=15|newspaper=Wah Kiu Yat Po|language=zh-hk|location=Hong Kong|via=Hong Kong Public Libraries [https://mmis.hkpl.gov.hk/ MMIS]}}</ref>


Orient Overseas (International) Limited (OOIL), the new holding company of the group, was incorporated in Bermuda on 29 July 1986.<ref>{{cite web|url=https://www.roc.gov.bm/roc/rocweb.nsf/public+register/o+public+companies|title=Review of Companies Register|accessdate=17 December 2020|publisher=Bermuda Registrar of Companies}}</ref> OOIL became a listed company on 31 July 1992.<ref>{{cite web|url=https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=316&sc_lang=en|title=ORIENT OVERSEAS (INTERNATIONAL) LTD. (316)|accessdate=17 February 2020|publisher=Hong Kong Exchanges and Clearing Limited}}</ref>
Orient Overseas (International) Limited (OOIL), the new holding company of the group, was incorporated in Bermuda on 29 July 1986.<ref>{{cite web|url=https://www.roc.gov.bm/roc/rocweb.nsf/public+register/o+public+companies|title=Review of Companies Register|accessdate=17 December 2020|publisher=Bermuda Registrar of Companies}}</ref> OOIL became a listed company on 31 July 1992.<ref>{{cite web|url=https://www.hkex.com.hk/Market-Data/Securities-Prices/Equities/Equities-Quote?sym=316&sc_lang=en|title=ORIENT OVERSEAS (INTERNATIONAL) LTD. (316)|accessdate=17 February 2020|publisher=Hong Kong Exchanges and Clearing Limited}}</ref>


In 1996, [[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]].<ref>{{cite web|url=http://www.oocl.com/eng/aboutoocl/companyprofile/ooclhistory/|title=OOCL History|publisher=Orient Overseas}}</ref>
In 1996, [[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]].<ref>[http://www.oocl.com/eng/aboutoocl/companyprofile/ooclhistory/ OOCL History]</ref>


In July 2017, OOIL received a US$6.3 billion take over bid from its Chinese rival, [[COSCO Shipping]]. The bid has been accepted subject to shareholder and regulatory approval.<ref>{{cite web|title=China shipping firm Cosco to buy HK rival OOIL for $6.3bn|url=https://www.bbc.co.uk/news/40552293|website=BBC News|accessdate=10 July 2017}}</ref>
In July 2017, OOIL received a US$6.3 billion take over bid from its Chinese rival, [[COSCO Shipping]]. The bid has been accepted subject to shareholder and regulatory approval.<ref>{{cite web|title=China shipping firm Cosco to buy HK rival OOIL for $6.3bn|url=https://www.bbc.co.uk/news/40552293|website=BBC News|accessdate=10 July 2017}}</ref>

Revision as of 11:17, 17 December 2020

This article is about the parent company of Orient Overseas Container Line. For the subsidiary of Orient Overseas (International) Limited, see Orient Overseas Container Line.
Orient Overseas (International) Limited
  • Orient Overseas Line
  • OOIL
Company typeListed company
SEHK: 316
IndustryShipping and Logistics
Founded
  • 1969
  • 1986 (as OOIL)
FounderMr. Tung Chao Yung
HeadquartersHong Kong (Principal Office)
Bermuda (Registered Office)
Key people
Chairman: Mr. Tung Chee-chen
OwnerCOSCO Shipping
ParentCOSCO Shipping
SubsidiariesOrient Overseas Container Line
Websitewww.ooilgroup.com

Orient Overseas (International) Limited (OOIL) 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 Largest container shipping companies.[2]

History

Orient Overseas was founded in 1969 in Hong Kong by Tung Chao Yung.

After Tung Chao Yung's death in 1982, Tung Chee-hwa, his elder son, succeeded to be the chairman of Orient Overseas.

In February 1986, Orient Overseas submitted a plan to the creditors for re-structuring the group of companies, including the formation of a business unit Orient Overseas Container Line.[3]

Orient Overseas (International) Limited (OOIL), the new holding company of the group, was incorporated in Bermuda on 29 July 1986.[4] OOIL became a listed company on 31 July 1992.[5]

In 1996, 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.[6]

In July 2017, OOIL received a US$6.3 billion take over bid from its Chinese rival, COSCO Shipping. The bid has been accepted subject to shareholder and regulatory approval.[7]

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. ^ 東方海外重組計劃現已提呈予債權人. Wah Kiu Yat Po (in Chinese (Hong Kong)). Hong Kong. 13 February 1986. p. 15 – via Hong Kong Public Libraries MMIS. {{cite news}}: External link in |via= (help)
  4. ^ "Review of Companies Register". Bermuda Registrar of Companies. Retrieved 17 December 2020.
  5. ^ "ORIENT OVERSEAS (INTERNATIONAL) LTD. (316)". Hong Kong Exchanges and Clearing Limited. Retrieved 17 February 2020.
  6. ^ OOCL History
  7. ^ "China shipping firm Cosco to buy HK rival OOIL for $6.3bn". BBC News. Retrieved 10 July 2017.

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