KUALA LUMPUR: Pacific & Orient Bhd has called off the preliminary negotiations for the proposed divestment of an equity interest in Pacific & Orient Insurance Co. Bhd to Prudential Holdings Ltd.
The company said on Friday, Nov 12 it had informed Bank Negara Malaysia the proposed divestment discussions had been discontinued.
On Aug 11, P&O announced it had received the central bank's approval to begin preliminary negotiations for the proposed divestment of an equity interest in the insurer to Prudential Holdings.
The company said on Friday, Nov 12 it had informed Bank Negara Malaysia the proposed divestment discussions had been discontinued.
On Aug 11, P&O announced it had received the central bank's approval to begin preliminary negotiations for the proposed divestment of an equity interest in the insurer to Prudential Holdings.
No comments:
Post a Comment