PACIFICMAS Bhd is hopeful that its proposed acquisition of Koperasi Angkatan Tentera Malaysia Bhd's (KAT) wholly-owned subsidiary, Malaysia & Nippon Insurans Bhd (MNIB), can be completed by the third quarter this year.
“We signed a share sale agreement with KAT on May 11 and submissions have already been made to the various authorities and to shareholders for consideration,” chairman Choi Siew Hong told reporters after the company's AGM and EGM in Kuala Lumpur yesterday.
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