KUALA LUMPUR: Bank Negara has approved Pacific & Orient Bhd (P&O) starting preliminary negotiations with Prudential Holdings Ltd on the proposed divestment of an equity interest in its wholly-owned subsidiary, Pacific & Orient Insurance Bhd (P&O Insurance) to the latter.
In a filing with Bursa Malaysia, P&O said Bank Negara had granted the approval to the company via its letter dated Aug 11.
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