Orient Overseas (International) Limited (OOIL) (00316) said it agreed to sell a Hong Kong container vessel named "OOCL Ningbo" of 8,063 TEU for US$53.6 million (equivalent to about HK$418 million).
The company intends to retain the sale proceeds of the vessels for general working capital and for funding any future investment projects that it may enter into when suitable opportunity arises. The estimated gain is about HK$6.24 million.
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