OOIL completes placement

Tung Chee Hwa''s shipping company cleans up its capital structure.
September 10, 2003

Orient Overseas International Ltd (OOIL) completed a 29 million share placement yesterday (Wednesday) in a bid to bring its freefloat back to the 25% mark. UBS led the $66 million transaction, which accounted for 5.6% of the company's issued share capital.

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