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28 June - 4 July 2008


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28 June 2008

OCBC to decide on merger in August

 

 

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28 June 2008

OCBC to decide on merger in August

OCBC Bank Bhd will decide in August whether to merge Pacific Insurance Bhd with its insurance division, Overseas Assurance Corporation (Malaysia) Bhd (OACM), or sell it off.  "A review is now underway to study the viability of Pacific Insurance to be part of our Malaysia operation. It is also to satisfy the condition set by the Ministry of Finance for us to resolve the insurance divisions as we are allowed to operate only one insurance licence.  [The Edge Daily]

http://www.theedgedaily.com/cms/content.jsp?id=com.tms.cms.article.Article_c7fd440c-cb73c03a-c8c7d600-9861e0b7

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