Zhi Tong Cai Jing·2025-12-11 14:59Core Viewpoint - Orient Overseas International (00316) has announced a share transfer agreement where Faulkner Global Holdings Limited will sell 469 million shares to China COSCO Shipping Holdings (Hong Kong) Limited, resulting in the latter holding approximately 71.07% of the company's total issued share capital post-transfer [1] Group 1 - The share transfer agreement is set to be completed on December 11, 2025 [1] - Following the completion of the transfer, Faulkner will no longer hold any shares in the company and will cease to be its controlling shareholder [1] - China COSCO Shipping Holdings (Hong Kong) will directly hold 469 million shares, representing about 71.07% of the company's issued share capital as of the announcement date [1] Group 2 - The company has received notification from China COSCO Shipping Holdings (Hong Kong) that it has applied for a waiver from the obligation to make a general offer for the company's shares due to the transfer [1] - The Securities and Futures Commission has granted this waiver in accordance with Rule 26.1 Note 6(a) of the Hong Kong Code on Takeovers and Mergers [1]