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COSCO Shipping (01919) announced on Sunday that the US Foreign Investment Committee (CFIUS) has notified the company that it had acquired OOCL (00316) and that it does not have any effect. had not completed the transaction to sell the Long Island Container Terminal to a third party. This will lead to national security problems.
COSCO announced on June 30 that the acquisition of OOCL became unconditional because the deal was approved by the Chinese anti-monopoly department, and anti-monopoly departments in Europe and the United States United also approved the transaction.
The recent trade dispute between China and the United States has warmed, which has prompted the market to be interested in buying OOCL by COSCO.
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