COSCOShippingHoldingsCoLtd(601919.SS)hasofferedtobuyOrientOverseasInternationalLtd(OOIL)(0316.HK)forHK$49.23billion($6.30billion),inadealthatwillseethemainlandC
China Cosco Shipping Corp, the newly created entity following the merger of China Ocean Shipping (Group) and China Shipping Group in January, has formed an alliance with three of the world’s leading container operators to grab a share of the trade on the shipping lanes connecting Asia.
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