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2013-11-25 16:41 | Report Abuse
We are therefore working with the stakeholders in order to find appropriate solutions and will update the market at appropriate time,” Zurich Financial Services Group said in an email reply.
In June, South African financial services group Sanlam Ltd was reported to be in negotiation to purchase MCIS Zurich’s shares.
Sanlam is neither confirming nor denying the rumours, though owning a life insurance company would fit well for Sanlam, which made its maiden foray in South-East Asia with its RM270 million acquisition of a 49% stake in Malaysian general insurer Pacific & Orient Insurance Co Bhd.
“South-East Asia has been identified as a focus area with attractive growth potential.
Sanlam will not comment on market speculation but will inform the market if and once appropriate progress has been made on specific corporate activities,” said Sanlam in an email reply to The Malaysian Reserve.
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Stock: [PERSTIM]: PSAHAAN SADUR TIMAH MSIA
2016-04-11 09:40 | Report Abuse
he Board of Directors of the Company wishes to announce that a fire incident has occurred at one (1) production facility in the factory building at No. 15, VSIP Street 6 Vietnam Singapore Industrial Park Thuan An District Binh Duong Province, Vietnam, belonging to Perstima (Vietnam) Co., Ltd. ("PVCL"), a wholly-owned subsidiary. PVCL is principally engaged in the manufacturing and sale of tinplates.
The fire started at about 7.20 p.m. (Vietnam time) on Friday, 8 April 2016 and was put out at about 9.30 p.m. (Vietnam time) on the same day.
Based on the initial investigation, the damage was on limited portion of the process line and the estimate value of the damages has yet to be ascertained. The production has been temporarily stopped and resumption of usual operations is still being assessed. However, PVCL has taken initial action in collaboration with the related contractors to recover the process line soonest possible.
All the assets, materials and finished goods are fully insured. PVCL has also discussed with insurers to ascertain the actual extent and quantum of the damage caused by the fire.
An appropriate announcement shall be made once usual operations resumed and losses are ascertained.
This announcement is dated 10 April 2016.