KUALA LUMPUR: PACIFICMAS BHD [] has completed the disposal of its 100% stake in The Pacific Insurance Bhd to Fairfax Asia Ltd.
The company said on Thursday, March 24 that the parties had agreed to the share sale agreement and variation letter to be RM216.48 million.
'The balance disposal consideration, net of the deposit, of RM196.48 million has been received by the company, and the proposed disposal is completed today,' it said.
The company said on Thursday, March 24 that the parties had agreed to the share sale agreement and variation letter to be RM216.48 million.
'The balance disposal consideration, net of the deposit, of RM196.48 million has been received by the company, and the proposed disposal is completed today,' it said.
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