GCTL8.com (FocusAsia Media Ltd)

HONG KONG, Jan 19 (FAM) – Shares of Orient Overseas (International) Limited, the parent of container line Orient Overseas Container Line, took off as the Hong Kong Exchange opened Wednesday and have risen more than 25 percent since the beginning of January amid growing market speculation that the ocean carrier is for sale.

The stocks are hovering at their highest level since 2011 as investors trade frantically in the hopes of a windfall should any official announcement of a takeover be made, JOC reports.

 

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