KUALA LUMPUR: Pacific & Orient Bhd (P&O) has confirmed that it received the approval from Bank Negara to begin preliminary negotiations for a proposed disposal of stake in its insurance unit to Prudential Holdings Limited.
P&O said on Friday, Aug 13 that the central bank, had via a letter dated Aug 11, granted its approval for the company to begin preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd. to Prudential.
P&O share price was unchanged at RM1.24 at midday.
P&O said on Friday, Aug 13 that the central bank, had via a letter dated Aug 11, granted its approval for the company to begin preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd. to Prudential.
P&O share price was unchanged at RM1.24 at midday.
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