P&O plans to pay only RM37mil in special dividends to shareholders

PETALING JAYA: 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 business. This works out to around 15 sen per share.

Since the announcement of the sale of its insurance business to South African financial group Sanlam Emerging Markets Proprietary Ltd in December 2012, P&O shares have generally been trending upwards.