OOIL back to the placement market

OOIL returns to the equity markets for the second time in the space of five months.
February 13, 2004

Tung Chee Hwa's shipping company, Orient Overseas International Ltd (OOIL) raised HK$1.21 billion ($155 million) via a top-up placement after Friday's close. With UBS once again as lead manager, the company offered 47 million shares at HK$25.75.

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