Orient Overseas (International) Limited
Orient Overseas Limited is an investment holding company which involves in international transportation and logistics, and property investment and property development. It is the parent company of Orient Overseas Container Line, one of the world's Largest container shipping companies.
OOIL was founded in 1969 in Hong Kong by Mr. Tung Chao Yung. After Tung Chao Yung's death in 1982, Mr. Tung Chee-hwa, his elder son, succeeded to be the chairman of OOIL. In 1996, Mr. 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.
In July 2017, OOIL received a $6.3 billion take over bid from its Chinese rival, COSCO. The bid has been accepted subject to shareholder and regulatory approval.
