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Categories
| PacificMas shares advance to RM4.03 |
| Business & Market 2010 | |||
| Written by Joseph Chin | |||
| Thursday, 22 April 2010 10:57 | |||
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KUALA LUMPUR: Shares of PacificMas Bhd rose to an early high of RM4.03 on Thursday, April 22 after it received Bank Negara Malaysia's approval to start talks with Great Eastern Group to dispose of its insurance unit. It was up 25 sen to RM4.01 at 10.45am. There were 99,600 shares done at prices ranging from RM3.90 to RM4.03. PacificMas said on Wednesday it had received a letter from the central bank that "it (BNM) has no objection in principle for the company to commence preliminary negotiations with Great Eastern Group" to dispose of the insurance unit. Oversea-Chinese Banking Corporation Ltd is the ultimate holding company of PacificMas and Great Eastern Group.
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