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South African financial services group Sanlam is pleased to announce that all conditions precedent have been met to conclude the acquisition of a 49% stake in the Malaysian niche short-term insurer Pacific & Orient Insurance Co. Berhad (POI).
P&O plans to pay only RM37mil in special dividends to shareholders
Pacific & Orient Bhd (P&O) is planning to pay out only RM37mil in special dividends to shareholders from the total RM270mil it will receive from the sale of its insurance
Motor insurer Pacific & Orient Bhd (P&O) is cautious on its business outlook for the financial year ending Sept 30, 2015 in view of the uncertainties in the global economy.