GCTL8.com (FocusAsia Media Ltd)

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HONG KONG, Jan 12 (FAM) – The sensitivity of markets to takeover talk saw investors piling into Hong Kong listed Orient Overseas (International) Ltd stocks amid mounting speculation that its liner shipping unit, Orient Overseas Container Line, will be the latest target in a wave of consolidation that is sweeping over the industry, JOCreports.

Frantic trading in the last three days has seen millions of OOIL shares changing hands on the Hong Kong Exchange, driving up the stock price almost 20 percent higher than it was when trading resumed after the New Year holidays 10 days ago.

 

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