Pacific & Orient Bhd

Type: Company

Name: Pacific & Orient Bhd

Fact Sheet: Fact Sheet for Pacific & Orient Bhd

First reported May 22 2013 - Updated May 22 2013 - 2 reports

Sanlam Buys Stake in Malaysian Firm

South African financial services provider Sanlam has acquired a 49% stake in Malaysian short-term insurer Pacific & Orient Insurance Co. Berhard (POI) worth about R814-million."This transaction is our first foray into the southeast Asia region," Sanlam ... [Published AllAfrica.com - May 22 2013]

Entities: Malaysia, Pacific & Orient Insurance, Pacific & Orient Bhd, Emerging Markets

First reported May 22 2013 - Updated May 22 2013 - 1 reports

More dividends from Pacific & Orient

KUALA LUMPUR: has declared special dividend of 15.17 sen a share and tax-exempt dividend of 3.82 sen per share for each share of 50 sen each.It said on Wednesday the ex-date was June 5 while the entitlement date was June 7.The dividends were for the financial ... [Published thestar.com.my - May 22 2013]

Entities: Pacific & Orient Bhd, Dividend, Kuala Lumpur

First reported May 20 2013 - Updated May 20 2013 - 1 reports

Sanlam buys 49pc of Pacific & Orient Insurance

KUALA LUMPUR: Sanlam, a South African financial services group, is making a foray into Southeast Asia's insurance industry via the acquisition of a 49 per cent stake in Pacific & Orient Insurance Co Bhd (POI).Last Friday, the company announced that it ... [Published Business Times Malaysia - May 20 2013]

Entities: Pacific & Orient Insurance, Emerging Markets, Pacific & Orient Bhd, Malaysia

First reported May 20 2013 - Updated May 20 2013 - 2 reports

Sanlam Completes Acquisition of 49% Stake in Pacific & Orient

South Africa's financial services group Sanlam Ltd. has completed the acquisition of a 49% stake in Pacific & Orient Insurance Co. Bhd., a nonlife insurer focused on motorcycle insurance in Malaysia. ... ... [Published A.M. Best - May 20 2013]

Entities: Sanlam Ltd, Pacific & Orient Bhd, Acquisition, Pacific & Orient Insurance

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Sanlam Ltd Concludes Acquisition Of Malaysian Pacific & Orient Insurance Berhad

11:20am BSTSanlam Ltd announced 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). The value of the transaction is MYR270 million ... [Published Reuters UK - May 17 2013]

Entities: Sanlam Ltd, Pacific & Orient Insurance, Malaysian Pacific Industries Bhd

First reported May 17 2013 - Updated May 17 2013 - 1 reports

Orient Group Inc

Sanlam Set To Acquire 49% of Malaysia’s Pacific & Orient Insurance

VENTURES AFRICA – Sanlam, South Africa’s second biggest life insurer, on Friday said it was all systems go for it to buy 49 percent stake in Malaysian short term insurer Pacific & Orient Insurance (POI) for R814 million ($86.5m)“All conditions precedent ... [Published Ventures Africa - May 17 2013]

Entities: Pacific & Orient Insurance, Malaysia, Orient Group Inc, Pacific & Orient Bhd

First reported Apr 14 2013 - Updated Apr 14 2013 - 1 reports

Boeing Company

Unsure About Markets? Why These Great Companies Are A Good Buy

They're an even better buy when their stock price is depressed as a result of some temporary setback. And/or when no one has a buy recommendation on them. (Presuming, of course, that their underlying business model is solid, their balance sheet sparkles, ... [Published Seeking Alpha - Apr 14 2013]

Entities: Boeing Company, Raytheon Company, Pacific & Orient Bhd, Emerging Markets

First reported Dec 10 2012 - Updated Dec 10 2012 - 1 reports

POB to divest stake in POI for RM270m

KUALA LUMPUR, Dec 10 – Pacific & Orient Bhd (POB) is divesting 49 per cent equity interest in Pacific & Orient Insurance Co. Bhd (POI) to Sanlam Emerging Proprietary Ltd for RM270 million. The company said the proposed divestment was expected to provide ... [Published The Malaysian Insider - Dec 10 2012]

Entities: Pacific & Orient Insurance, Pacific & Orient Bhd, Kuala Lumpur

Quotes

"We look forward to the partnership with Sanlam and the technical expertise that they will add in exploring future growth opportunities" said POI's managing director, Chan Thye Seng

Sanlam Buys Stake in Malaysian Firm [Published AllAfrica.com - May 22 2013]

...growth opportunities in selected emerging markets and represents Sanlam's first step into Southeast Asian region, which is an important market. "We look forward to a fruitful and long working relationship with the POI team. We are also looking at other opportunities in the region but the immediate focus is on bedding down this investment" he said in a statement posted on Sanlam's website

Sanlam buys 49pc of Pacific & Orient Insurance [Published Business Times Malaysia - May 20 2013]

"The transaction is in line with Sanlam's stated strategy to pursue profitable growth opportunities in selected emerging markets and represents Sanlam's first step into the South East Asia region" said Sanlam in a statement. India, Malaysia and Indonesia are the preferred countries for Sanlam's "immediate focus" for expansion...

Sanlam Completes Acquisition of 49% Stake in Pacific & Orient [Published Individual.com - May 20 2013]

"Putting the needs of our clients first has always been an integral part of our business philosophy and forms the foundation of our business model" Sanlam CEO Johan van Zyl said

Sanlam to open new frontiers in Africa [Published BDlive - May 02 2013]