OOIL Issues Clarification on 2024 Annual Report Regarding Related Party Transactions

Reuters

Jul 09

OOIL Issues Clarification on 2024 Annual Report Regarding Related Party Transactions

Orient Overseas (International) Limited (OOIL) issued a supplemental announcement clarifying details in its 2024 Annual Report, initially published on April 16, 2025. The company highlighted that terminal charges of US$133.3 million, part of transactions with related parties, did not constitute connected transactions. All other transactions with COSCO SHIPPING Group and related entities were confirmed as connected transactions, adhering to disclosure requirements. No other information from the annual report was affected by this clarification.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OOIL - Orient Overseas (International) Limited published the original content used to generate this news brief on July 09, 2025, and is solely responsible for the information contained therein.

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The company highlighted that terminal charges of US$133.3 million, part of transactions with related parties, did not constitute connected transactions. All other transactions with COSCO SHIPPING Group and related entities were confirmed as connected transactions, adhering to disclosure requirements. No other information from the annual report was affected by this clarification.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<em>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. OOIL - <a href=\"https://laohu8.com/S/OROVY\">Orient Overseas</a> (International) Limited published the original content used to generate this news brief on July 09, 2025, and is solely responsible for the information contained therein.</span></em>\n</div></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK0270","symbol_name":"水上运输","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250709:nNDL8RQCxJ:1","article_id":"2550346636","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2550346636","pubTimestamp":1752060599,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Orient Overseas  Limited  issued a supplemental announcement clarifying details in its 2024 Annual Report, initially published on April 16, 2025. The company highlighted that terminal charges of US$133.3 million, part of transactions with related parties, did not constitute connected transactions. All other transactions with COSCO SHIPPING Group and related entities were confirmed as connected transactions, adhering to disclosure requirements. No other information from the annual report was affected by this clarification.Disclaimer: This news brief was created by Public Technologies  using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. 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