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Pacific & Orient diversifies into property development

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Pacific & Orient diversifies into property development Empty Pacific & Orient diversifies into property development

Post by Cals Mon 17 Jun 2013, 18:39

Pacific & Orient diversifies into property development
Business & Markets 2013
Written by Chong Jin Hun of theedgemalaysia.com   
Monday, 17 June 2013 17:52

KUALA LUMPUR (June 17): Pacific & Orient Bhd, an insurer and information TECHNOLOGY [] firm, is diversifying into property development.

In a statement to the exchange today, Pacific & Orient said it has incorporated 100%-owned subsidiary Pacific & Orient PROPERTIES [] Ltd (P&OP) in the UK.

"P&OP is currently dormant. The intended principal business of P&OP is investment, development and dealings in property," Pacific & Orient said.

Pacific & Orient said it had established P&OP on May 7 this year. The subsidiary has a paid-up share capital of £5 (RM25) comprising ordinary shares of £1 each.
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